Cannabis Crime insurance is a type of cannabis insurance coverage that will protect your business against criminal behavior of a dishonest employee or third party.

Providing Cannabis Crime Insurance for the cannabis supply chain:

Cultivation – Indoor, Greenhouse & Outdoor
Third-Party Processors & Harvesters
Infused Product Manufacturers
​Laboratories & Testing
Wholesalers & Distributors
Manufacturers of Goods and Equipment​
Dispensaries & Retail Operations
Transportation & Delivery
Landlords

​Do you need Cannabis Crime Insurance?

Businesses face a myriad of risks from both within and outside the organization. One risk, however, which might not initially be at the forefront of one’s Cannabis Insurance coverage planning, but may represent one of the largest exposures to loss is the effects of crime. This might be from office burglary and destruction of property to theft of finished product. Any level and type of crime can have a devastating effect on your business.

One thing to be aware of is Cannabis Crime Insurance isn't automatically bundled into a Cannabis Insurance Policy. It’s necessary to specify you want to purchase an endorsement for this protection.

The following are the coverage areas of Commercial Crime insurance that can be purchased as an endorsement that you need to consider:

  • Employee Theft / Employee Dishonesty: Provides protection for employee theft of money, securities, or property.
  • Forgery or Alteration: Provides protection for a loss due to dishonesty in writing, signing, or altering checks, bank drafts, and other financial instruments.
  • Inside the Premises - Theft of Money & Securities: Provides protection for a loss of money and securities stolen while they’re in the care of anyone covered by your policy.
  • Inside the Premises - Robbery or Safe Burglary of Other Property: Provides protection for a loss of property, other than money and securities, stolen from within your premises.
  • Outside the Premises: Provides protection for a property other than money and securities for theft from inside the premises and robbery of a messenger away from the premises.

Reach out to me if you’re considering cannabis business insurance. I will discuss with you how cannabis crime insurance works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Cannabis Crime insurance quotes from multiple insurance carriers so you can get the best possible rate.
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As an insurance broker I help cannabis businesses manage risk through insurance.