Medical Marijuana Dispensaries & Growers Insurance

Medical Marijuana Dispensaries & Growers Insurance From BSR Insurance

BSR Insurance offers a flexible and competitive insurance program designed specifically for the unique needs of medical marijuana dispensaries and indoor cannabis growers. As an experienced Excess & Surplus Lines Broker, BSR provides access to a range of non-admitted markets that understand the regulatory challenges and coverage requirements of the medical marijuana industry.

Ideal Accounts and Appetite

This program is tailored for licensed medical marijuana operations, including:

• Indoor cannabis cultivation facilities
• Medical marijuana dispensaries
• Vertically integrated operations handling both growing and sales

You might have a client operating a small indoor grow facility or a multi-location dispensary chain. BSR can help you place these accounts, even if traditional markets won’t.

Coverage Highlights and Advantages

Coverage can be written as monoline or packaged depending on the insured’s needs. Available coverages include:

• General Liability (Occurrence Form – excludes Products/Completed Operations)
• Special Form Property Coverage
• Equipment Breakdown Coverage
• Cargo coverage for in-transit product between grower and dispensary
• Government Action Reimbursement—coverage for certain regulatory disruptions
• Excess Liability limits available up to $5,000,000

Underwriting Notes and Minimum Premiums

Minimum premiums vary based on risk size, operations, and coverage selected. Underwriting will consider factors such as security protocols, licensing compliance, and facility type (e.g., indoor grow vs. retail dispensary). Submissions should include complete applications and relevant supporting documents to ensure a quick turnaround.

Territories and Availability

This program is available in most states where medical marijuana is legal, including but not limited to: CA, CO, MI, FL, NY, AZ, IL, and many more. Coverage is provided on a non-admitted basis through various carriers with experience in cannabis-related risks.

Why Work With BSR Insurance?

BSR Insurance understands the complexities and nuances of insuring cannabis-related businesses. Their deep market relationships and underwriting expertise make them a valuable resource for agents and brokers handling these specialized accounts. Whether your client is a startup dispensary or an established grower, BSR can help you find the right coverage solution.