About our Cannabis Insurance Program

From Seed to Sale

Austin Insurance Group offers a comprehensive package of coverages with A-Rated carriers to protect the cannabis industry.

We offer:

• General Liability
• Commercial Property
• Excess Liability
• Product Liability
• Workers Comp
• Crop

GENERAL LIABILITY

The Commercial General Liability policy has been specifically designed to meet the needs of the cannabis and CBD hemp industry using both ISO and program specific coverage forms and endorsements.

This policy is available to be purchased monoline, or in conjunction with other package coverages including Property, Crop, and Products Liability.

Approved Classifications:

• Cultivation (Indoor, Outdoor and Greenhouses)
• 3rd Party Processors/Harvesters
• Manufacturers
• Wholesale/Distributors
• Retail
• Management offices
• Landlords – LRO
• Smoke Shops
• Garden / Hydroponics stores

Coverage Highlights:

• Occurrence Form CGL-ISO
• Duty to Defend
• $1,000,000 personal advertising injury
• Minimum Premium $500.00
• Excess Limits with the same carrier

Coverage Options:

• $1,000,000 Occurrence / $1,000,000 Aggregate
• $1,000,000 Occurrence / $2,000,000 Aggregate
• $2,000,000 Occurrence / $2,000,000 Aggregate

Deductible Options:

• $2,500

Endorsement Options:

• $300,000 Pesticide & Herbicide Applicators (WA, MA)

• $50,000 Occurrence/Aggregate
• $250,000 Occurrence/Aggregate

• HNOA Endorsement $1,000,000
• Additional Insured Certificates

• Waiver of Subrogation
• Primary Wording

COMMERCIAL PROPERTY

The Commercial Property policy has been specifically designed to meet the needs of the cannabis and hemp industry using both ISO and program specific coverage forms and endorsements.

This policy is not available to be purchased monoline, and must be purchased in conjunction with the Commercial General Liability policy to form the package.

Approved Classifications:

• Indoor/Outdoor Growers
• Bakery
• Analytical Operations, Assaying
• Drug, Medicine or Pharmaceutical Prep Compounding
• Food Sundries MFG NOC
• Security (unarmed)
• Store Wholesale NOC
• Store Retail NOC/Delivery
• Salesperson Outside
• Clerical Office

Coverage Highlights:

• Occurrence Form CP-ISO
• Named Peril forms
• Property limits up to $10,000,000 on a per-location basis
  • No sub-limit for cannabis or hemp inventory

• No Maximum number of locations – add as many locations as you need with no restrictions
• Outdoor Business Personal Property is approved
• No Exclusion for Sprinkler Leakage
• 3rd Party Care/Custody/Control (Warehousemans Legal Liability) Up to $1MM with deductible options up to $50K
• Minimum Premium $500.00

Coverage Options:

• Real Property
• Business Personal Property
• Crop

Deductible Options:

• $2,500
• $10,000
• $50,000

Endorsement Options:

• Commercial Property Endorsement – Coverage Summary
  • Accounts Receivable
  • Employee Dishonesty
  • Money & Securities
  • Property in Transit
  • Property off‐Premises
  • Spoilage
  • Valuable Papers and Records
  • Outdoor Property (Fencing, Signs)
  • Outdoor Property (Trees, Shrubs, Plants)
  • Personal Effects of Others.

• Commercial Property Endorsement – Premiums
  • Form A – $25,000 per peril in policy aggregate – $1,000 per location
  • Form B – $50,000 per peril in policy aggregate (Money & Securities is $25k sublimit) – $1,500 per location
  • Form C – $100,000 per peril in policy aggregate (Money & Securities is $25k sublimit) – $2,000 per location

• Loss Payee

• Equipment Breakdown – Now Available!

EXCESS LIABILITY