Business Insurance

Cannabis Insurance

Specialized coverage for dispensaries, growers, manufacturers, and CBD businesses — an emerging industry many carriers won't write, where we know the risks.

Looking for the best Cannabis Insurance?

GSP Insurance Group has you covered. Whether you need insurance for your marijuana dispensary, supplies, commercial building, or other marijuana based coverages, we are the go-to agency for cannabis insurance across the country.

Common Cannabis Coverages for Business-owners

  • General Liability
  • Product Liability
  • Auto (Primary/Excess)
  • Umbrella (Primary/Excess)
  • Workers’ Compensation
  • All Risk Property
  • Crime
  • Inland Marine
  • Miscellaneous & Manuscript
  • Director & Officer
  • EPLI
  • Kidnap & Ransom
  • Professional Liability

As you can see, there are a wide range of possible coverages you may need if you are conducting business in the marijuana industry.

Because the cannabis industry is relatively new, most business-owners have no idea what the possible risks and exposures are, and certainly don’t know what type of insurance they need. What’s more, not all insurance companies will insure cannabis-based businesses.

That’s where GSP Insurance Group comes in. We have deep and vast knowledge of the cannabis industry, and have a number of financially stable cannabis insurance companies who we have access to.

This makes the process of finding the right insurance for your cannabis business simple, efficient, and cost effective. In fact, we do all of the work for you.

How much does Cannabis Insurance Cost?

The cost of cannabis insurance can vary based on a number of different variables. The location of the business, the revenue, and other operational factors. Part of what we do when we help our clients is dig a bit deeper into the business processes so we know exactly what type of coverage you need (and don’t need).

Insuring an Emerging Market

The growth of the cannabis industry over the past 5 years has been incredible, and the amount of different insurable risks that appear each day is astounding. Here are a few different categories of the cannabis industry that we can insure:

  • Ancillary Cannabis Businesses
  • Cannabis Infused Product Manufacturers
  • Marijuana Dispensaries
  • Marijuana Events
  • Marijuana Growers
  • Marijuana Landlords
  • Medical Marijuana Physicians
  • Hemp Insurance and Cannabidiol (CBD Insurance)

What to do next?

To get the cannabis insurance process started, head over to our quotes page where you can give us some information on your business and we will start the process from there.

Ready to get started?

Start Your Quotes Today

Enter some basic information below to get the process started.

Frequently asked questions

What coverages do cannabis businesses need?
Depending on the operation, coverages can include general liability, product liability, auto, umbrella, workers compensation, all-risk property, crime, inland marine, directors & officers, EPLI, kidnap & ransom, and professional liability. The right mix depends on your specific business.
Why is cannabis insurance specialized?
The industry is relatively new, so many owners don't yet know their risks and exposures — and not all insurers will write cannabis businesses. We have deep knowledge of the industry and access to financially stable cannabis carriers, which makes finding the right coverage simpler and more cost-effective.
What does cannabis insurance cost?
Cost varies based on factors like location, revenue, and operational details. Part of what we do is dig into your business processes so we know exactly what coverage you need — and don't need.

Related coverage

General Liability Insurance

The most basic — and essential — commercial liability coverage. It protects your business from third-party bodily injury and property damage claims.

Commercial Property Insurance

Protects your building and its contents — and the lost income that follows damage. Covering only the structure often isn't enough.

Ready to talk it through?

Tell us a little about what you need and one of our agents will reach out. We'll shop your coverage and come back with real options.

Request a Quote (833) 414-3040