Cannabis Insurance for Dispensaries

Comprehensive Cannabis Program

Admiral brokers now have exclusive access to additional lines of business*, providing a comprehensive solution for cannabis dispensaries. One application, one submission, and one family of insurance companies to provide solutions to the cannabis industry.

The Comprehensive Cannabis Program connects you with the expertise of Berkley companies through a single point of contact, ensuring that insureds have a uniform and consistent experience. All lines of business are written by Berkley member insurance companies rated A+ Financial Size XV by A.M. Best.

Admiral brokers can now gain access to a breadth of coverages tailored to the needs of the cannabis industry, including:

When obtaining a quote for the Admiral CGL, Admiral brokers are able to request quotes for additional lines of coverage.

Learn more about Admiral's Comprehensive Cannabis Program

View the FAQs on our Comprehensive Cannabis Program.

*Additional coverages are only available when bound with the Admiral CGL policy. Quotes for each line of business are subject to the underwriting guidelines applicable to that line and a CGL quote does not guarantee a quote for other lines.

Property

Admiral can now offer commercial property coverage that is tailored to the needs of cannabis dispensaries.

Available Coverages:

  • Replacement Cost Coverage for Stock
  • Accounts Receivable
  • Business Income
  • Computer Equipment
  • Covered Property Distance from Premises Increased to 1,000 Feet
  • Equipment Breakdown including Spoilage up to $250,000
  • Employee Theft
  • Extra Expense
  • Fine Arts
  • Fire Department Service Charge
  • Fire Protection Equipment
  • Money and Securities
  • Outdoor Property
  • Outdoor Signs
  • Personal Effects and Property of Others
  • Reward Payment
  • Spoilage
  • Valuable Papers and Records
  • Walks, Patios, or Other Paved Surfaces, Foundations of Buildings or Structures, and Underground Pipes, Flues or Drains
  • Water Back Up Or Overflow From Sewer, Drain or Sump
  • Wind and Hail Coverage

Maximum Limits

  • $5,000,000 TIV per Location
  • $250,000 Theft

Deductible

  • Minimum Deductible: $2,500
  • Split Deductibles Available

Employment Practices Liability

Admiral can now offer Employment Practices Liability Insurance designed to protect cannabis dispensaries and their employees** against liability for claims or lawsuits alleging employment-related wrongdoing.

Policy Highlights:

  • Duty to Defend policy language
  • Full prior acts coverage
  • Third party liability coverage for claims brought by non-employees for harassment or discrimination
  • Modified settlement clause (80% / 20% coinsurance)
  • Damages include punitive or exemplary damages up to the limit of liability, where insurable
  • Broadened definition of claim to include tolling agreements
  • Immigration Reform Control Act endorsement (IRCA)
  • Sublimit available for Costs of Defense of Wage and Hour claims
  • Sublimit available for privacy violations

Available Limits

$500,000 to $2,000,000

Deductible

$25,000

Risk Management Services

Policyholders receive complimentary loss prevention tools that include a hotline and dedicated website.

  • Toll-free hotline providing basic workplace issue consultations
  • Policyholder accessible website containing articles, sample documents, and loss prevention resources

 

**Firms up 200 employees. Will consider accounts with claims up to $25,000

Workers Compensation

Admiral now offers workers compensation insurance for cannabis dispensaries at affordable rates with a number of payment options to fit the needs of your customers.

Customer-centric service team & products that fit market needs

Much of your business can be done through a self-service online portal. For items that cannot, an experienced team will handle your questions and requests. A strong ownership mentality and highly knowledgeable team ensure that your business is handled quickly and correctly. The person who answers your call will service your request, or find the person who can, without passing your call along like a traditional call center.

Best-in-class claims management

Your claims will be handled by a team that has achieved some of the best results in the industry. Through comprehensive investigation of all losses and a focus on directing care, injured workers receive the care they need while keeping claim costs to a minimum. You will be able to utilize a large network of doctors, medical providers, registered nurse case managers and pharmacies. 24/7 claims reporting and a self-service portal allow customers and agents to file a claim, find a check or get adjuster information at any time.

Request more information about insurance for cannabis dispensaries



Berkley Connect Wholesale Solutions offered by Berkley Connect Insurance Solutions, LLC
[email protected] | CA License 0H99364

Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all
products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the
actual terms and conditions of the policies as issued. Certain coverages may be provided through surplus lines insurance
company subsidiaries of W. R. Berkley Corporation through licensed surplus lines brokers. Surplus lines insurers do not
generally participate in state guaranty funds and insureds are therefore not protected by such funds.

The partnership you want, the advantage you need.