Unique products come with unique risks and demand uniquely capable insurance partners.
Hemp & CBD Program
Opportunities in hemp and cannabidiol abound…as do risks.
With the everchanging rules and regulations around cannabis, you need an insurance partner who can help you navigate the risks in this dynamic industry. With an AM Best A+ Rated carrier and the sound approach of experienced underwriting professionals, let us help you access fitting protection for this emerging industry. For cannabis dispensary related quotes, click here.
Retail Agents: Don’t see a fit for your risk in this program?
Reach out to one of our Breckenridge brokers here.
- AM Best A+ Rated carrier
- Industry knowledge
- Limited ingredient restriction list
- Responsive team
- Reliable claims handling
Some of the classes in this industry include:
- Pet care products
- Hemp farms
- Oils or lotions
- Hemp-infused beverages
- Protein supplements
- Extracts or isolates
- Food with additives
- Manufacturers/distributors
- Retailers/wholesalers
- Extractors/processors/growers
Excluded Classes:
- Prescription Products
- Nicotine Products
- Liquor Liability
- CBD or hemp products from an unlicensed grower
- Products with more than 0.3% THC/cannabis products*
* Subject to cannabis underwriting guidelines
- Maximum limits of $5M/$5M/$5M primary limits or $1M/$2M/$2M primary limits with excess up to $10M
- True worldwide coverage
- Products bodily injury coverage arising out of mold & silica
- Very limited ingredient restriction list
- Claims-made
- Additional insured coverage for vendors and tradeshow sponsors
- Commercial General Liability endorsement for additional coverages:
- Prop 65 coverage
- Cyber/data breach coverage
- Completed application
- Loss runs 2 years
- For added coverage options, additional forms may apply
Features
- AM Best A+ Rated carrier
- Industry knowledge
- Limited ingredient restriction list
- Responsive team
- Reliable claims handling
Classes
Some of the classes in this industry include:
- Pet care products
- Hemp farms
- Oils or lotions
- Hemp-infused beverages
- Protein supplements
- Extracts or isolates
- Food with additives
- Manufacturers/distributors
- Retailers/wholesalers
- Extractors/processors/growers
Excluded Classes:
- Prescription Products
- Nicotine Products
- Liquor Liability
- CBD or hemp products from an unlicensed grower
- Products with more than 0.3% THC/cannabis products*
* Subject to cannabis underwriting guidelines
Coverages
- Maximum limits of $5M/$5M/$5M primary limits or $1M/$2M/$2M primary limits with excess up to $10M
- True worldwide coverage
- Products bodily injury coverage arising out of mold & silica
- Very limited ingredient restriction list
- Claims-made
- Additional insured coverage for vendors and tradeshow sponsors
- Commercial General Liability endorsement for additional coverages:
- Prop 65 coverage
- Cyber/data breach coverage
Submission Criteria
- Completed application
- Loss runs 2 years
- For added coverage options, additional forms may apply
Contact
Alyssa Manders, CIC, CPL
Assistant Vice President, Underwriter
Cannabis, CBD, and Vape Shops
Office: (312) 521-8969
“Again, I want to thank you for all your help! I really do appreciate it. I don’t think there are many companies out there who would be willing to work with us as much as you did!!”
Insurance Agency Office Manager
From The Blog
Hemp & CBD was last modified: March 20th, 2025 by