Cannabis Insurance
During this webinar, our experts explore the state of the cannabis insurance market in the U.S. and Canada. Featuring: Jason Scheurle, National Product Leader, Cannabis, Burns & Wilcox, Philadelphia, PA
Cannabis
Unique Risk Management Solutions for this Growing Industry
Medical and recreational marijuana sales are expected to reach over $30 billion in the U.S. and Canada by 2023. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production, dispensing and sale of cannabis and cannabis-derived products.
Cannabis Coverage through Burns & Wilcox can help your clients manage the unique risks associated with operating regulated dispensaries and growers. The coverage also helps manage risks for building owners and leased facilities.
Cannabis Coverage through Burns & Wilcox can help your clients manage the unique risks associated with operating regulated dispensaries and growers. The coverage also helps manage risks for building owners and leased facilities.
Cannabis Webinar
Recent Cannabis Wins |
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$320,000
EXCESS PROPERTY FOR CANNABIS PRODUCER
$221,000
LARGE CANNABIS PRODUCER PRODUCT RECALL
$166,000
VAPE MANUFACTURER AND DISTRIBUTOR
$17,300
LICENSED RETAIL CANNABIS DISPENSARY
Areas Of Specialty
Dispensary & Retail Stores
- Recreational Dispensary
- Medical Cannabis Dispensary
- Online or Brick & Mortar Sales
- Smoking Accessories
Cultivation & Grow Operations
- Standard Cultivators
- Standard Processors
- Micro Growers
- Outdoor Growers
- Licensed Personal Growers
- Designated Growers
Building Owners & Cannabis Tenants
- Building Owners with Cannabis Operations including Production, Growing, and Retail
- Leased Facilities with Cannabis Operations including Production, Growing, and Retail
Product Manufacturing
- Oils/Tinctures
- Supplements/Capsules
- Food Products/Edibles
- Topical/Cosmetics
- Accessories & Products including Vapes
Property
- Monoline or Packaged with Premises GL
- Buildings, Equipment, Tenant’s Improvements, Stock, Business Income and Extra Expenses
- All Types of Stock in Various Phases of Production, including Finished Stock, Growing Plants,
- Equipment and Components
- Equipment Breakdown
- Property Extension Available
- Outdoor Growing Crops
Product Recall
- Safety and Government Triggered Contamination
- Protection for the Company’s Balance Sheet and Supply Chain Relationships
- Contractual Obligations passed down by Regulators and Customers
- Specific for Cannabis Industry
- Recall Costs, Replacement Costs, Rehabilitation Expenses, Business Interruption, Extortion and Consultant Costs and Pre-Recall Expenses
Available Products
- General Liability
- Premises Liability (Excluding Products)
- Products Liability
- Property
- Product Recall
- Cyber & Digital Liability
- Transit
- Equipment Breakdown
- Excess Liability
- Excess Property
- Parametric Crop Insurance
Featured Expert |
Leena Malik
Senior Underwriter, Commercial Insurance
SPECIALTIES
- Cannabis
- Property (Commercial)
- Casualty (Commercial)
Leena Malik has over five years’ experience in Insurance and three years at Burns & Wilcox after graduating with an Honours BBA degree from Wilfrid Laurier University. Leena primarily focuses…
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Your Local Team |
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Underwriter, Commercial Insurance
Senior Underwriter, Commercial Insurance
Related Intel |
See All |
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In a growing number of communities around the U.S., new cannabis lounges are offering a social setting where guests can openly use marijuana products. Colorado and New Mexico both saw
Report: U.S. Cannabis Sales Could Exceed $30 Billion By 2022
Legal cannabis sales in the U.S. could exceed $30 billion by 2022, marijuana analytics company Headset recently projected in an updated long-term forecast. It is an increase in estimated sales
The main reason I work with Burns & Wilcox without exception is the level of expertise from the top all the way throughout the organization. It is truly unparalleled in the industry.
Recent Cannabis Wins
$320,000
EXCESS PROPERTY FOR CANNABIS PRODUCER
$221,000
LARGE CANNABIS PRODUCER PRODUCT RECALL
$166,000
VAPE MANUFACTURER AND DISTRIBUTOR
$17,300
LICENSED RETAIL CANNABIS DISPENSARY
$16,000
CULTIVATOR AND PROCESSOR PRODUCT RECALL
$10,400
CANNABIS RETAIL DISPENSARY WITH LICENSE
$9,600
MEDICAL CANNABIS EDUCATOR
$5,600
LICENSED RETAIL CANNABIS DISPENSARY
$1,720
LICENSED PERSONAL CANNABIS GROWER
Eligibility Guidelines
Below are the eligibility guidelines for online binding and issuing Cyber Liability:
– Revenue up to $15M accepted
– 138 Industries Accepted
– Excluded Industries include: adult content, auction sites, data processing, debt collection, direct marketing franchisees, healthcare aggregators, online gambling, payment processors, pos technology, search engines and social media.
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Product Guidelines
Honoring a True Pioneer
A BURNSÂ 
WILCOX ASSESSMENT
Article Title
April 16, 2020
Written by
Denis Brady
PRESIDENT, BURNS & WILCOX BROKERAGE
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State of the Cannabis Market
A BURNSÂ WILCOX ASSESSMENT