Understanding Cannabis Risks and Insurance

At Wang Insurance, we specialize in providing tailored insurance solutions for the cannabis industry, including growers, dispensaries, processors, manufacturers, and retailers. With our in-depth knowledge of the unique needs of this sector, we offer a diverse range of coverage options from both admitted and surplus lines carriers eager to underwrite these specialized risks.

Our Coverage Offerings

We provide comprehensive cannabis commercial package policies that cover your business from seed to sale, including:

• Dispensaries

• Cultivators/Nurseries

• Manufacturers and Processors

• Distribution Centers

• Logistical Operations

• Laboratory Insurance

• Ancillary Businesses

• Landlords

Coverage Highlights

• Product Liability: This is one of the most significant risks within the cannabis industry. Any entity in the supply chain can be held liable for defects in cannabis products that lead to physical damage or bodily injury. Given the nature of ingestible products with intoxicating effects, along with associated labeling and marketing claims, the potential for product liability exposure is considerable.

In addition to product liability, we offer a range of other coverages, including:

• Umbrella Coverage (primary/excess)

• Equipment Breakdown

• Stock/Inventory Insurance

• Auto Coverage

• Cyber Liability

• Cannabis Cargo Insurance

• Employment Practices Liability Insurance

• Professional Liability

• Workers’ Compensation

• Group Benefits

• Living Plant (Crop) Insurance

• Special Events Coverage (e.g., trade shows)

• Lessor’s Risk Insurance

• Crime Coverage

• And more.

Get Professional Guidance

If you are a cannabis professional or business owner seeking expert advice on your insurance needs, we are here to help. Contact us today to assess your risks and secure the right coverage to protect your cannabis business effectively.