Cannabis Insurance

It has been difficult for businesses in the cannabis industry to obtain adequate insurance to protect their investments.  Praxis Insurance Associates can offer the following coverage in all states where it is legal to operate, and a business is properly permitted:

• General, products and excess liability
• Property
• Crop insurance up to $10mm
• Equipment breakdown
• Workers Compensation
• Cyber Insurance
  

We can provide quotes for cultivation, warehousing & distribution, testing, labs & extraction, manufacturing and retail operations. And we can cover producers, processing, transporters and delivery and retail businesses.

Discounts are available for membership in an approved association:

• Coalition for Cannabis Standards and Ethics (CCSE) - exclusive to Washington
• National Cannabis Industry Association (NCIA) - all states except Washington
• NORML Business Network (NBN) - all states except Washington
• California Cannabis Industry Association (CCIA) - all states except Washington

 

To obtain a quote for a cannabis operation, please provide:

• Acord application 130 for work comp and 125, 126 and 140 for package
• The workers compensation or package cannabis supplemental, completed in its entirety (add links over the LOB to app)
• X-mod worksheet and loss runs if this is an existing business, or a business changing their operations to include or move to cannabis
• New ventures are ok
• Cannabis permit to conduct business, or the type of license that has been submitted and the status

Download Praxis Insurance Associates Cannabis Applications below:

Praxis Insurance Associates - Package Supplemental Cannabis Application

Praxis Insurance Associates - Workers Compensation Cannabis Supplemental Application

Targeted States

For more information regarding our builder's risk programs email us at info@praxisins.com.