Recreational Medical Marijuana, Hemp and CBD Insurance

Easy One Stop Shopping for All Your Cannabis Hemp and CBD Needs

Providing the most comprehensive insurance coverage available for Growers, Dispensaries, Manufacturers, Extractors, Processors, Labs, Transport & Delivery, Landlord, Research, Accessories and Branding Companies.

 

Brief Overview of Cannabis, Medical Marijuana, Hemp and CBD Businesses

Dispensaries (both recreational and medical)

Dispensaries are regulated by the state to distribute and sell medical and recreational marijuana, cannabis-containing products, accessories and equipment.

Types of insurance needed:

  • General/Product Liability
  • Property, Workers Compensation
  • Excess Liability (sometimes referred to as Umbrella)
  • Professional Liability (if consultants or medical professionals are used)
  • Directors and Officers

 

Grow Operations

Currently coverage is available for commercial indoor or greenhouse facilities.

Types of insurances needed:

  • General/Product Liability
  • Seed to Sale Property (fire, theft, equipment breakdown, business interruption)
  • Workers Compensation
  • Excess Liability (Umbrella)
  • Directors and Officers

Please note, outdoor grow operations are difficult to cover; however, more insurance providers are entering the marketplace each month and we anticipate coverage will soon be available.

 

Product Manufacturers, Extractors and Processors (Cannabis, Medical Marijuana, Hemp, CBD)

Coverage for manufactures, processors and extractors of Cannabis, Hemp, CBD products.

Types of insurance needed:

  • General/Product Liability
  • Product Recall
  • Workers Compensation
  • Property
  • Excess Liability (Umbrella)
  • Directors and Officers

 

Transport & Delivery

Transport and delivery can include secure transport to cannabis and medical marijuana dispensaries or direct to retail buyers.

Types of insurance needed:

  • Business Auto
  • Property
  • General Liability
  • Workers Compensation
  • Directors and Officers

 

Testing Laboratories/Research Labs

Testing Labs determine the amount of THC in products and test for mold, pests and pesticides in products and assist hemp and cannabis businesses stay in compliance with state regulation.

Types of insurance needed:

  • Professional Liability
  • Property
  • General Liability
  • Workers Compensation
  • Directors and Officers

 

Landlords

Types of insurance needed:

  • Lessor Risk Only (LRO). This includes General Liability and Property insurance

 

Product Accessories

Product Accessory companies can include importers, manufactures, and distributors of cannabis and hemp related products.

Types of insurance needed:

  • General Liability
  • Product Liability
  • Property
  • Workers Compensation
  • Directors and Officers

 

Brand Companies

These companies will license other companies their brand and trademarks.

Types of insurance needed:

  • General Liability
  • Product Liability
  • Directors and Officers

 

Why Choose Sadler?

Sadler & Company, Inc specializes in helping businesses that sell unique and high hazard products that standard insurance companies are not willing to consider.  The tougher the business the more we like it. We respect your need for complete confidentiality. Many of the products we insure are new inventions and many of the businesses we insure are unique and have unique marketing and business plans.  We are currently working with 18 of the top product liability insurance providers and are licensed in all 50 states.