Common questions about Cannabis
Answering the most frequently asked questions about Cannabis.
Usually not. Business interruption typically requires direct physical loss to trigger, and a licensing or regulatory suspension is not physical damage. Some specialty forms address this; most do not. Ask specifically rather than assuming.
Yes. Anyone in the chain of distribution can be named in a defect, potency or labeling claim, including dispensaries and distributors who never touched manufacturing. Being a reseller does not remove you from the lawsuit.
Only if the policy is written for it. Living plant material is excluded or heavily sublimited on many forms, and coverage often turns on whether the loss traces back to an insured equipment breakdown. Confirm how growing stock is scheduled before you need to find out.
Limited banking access means many operators hold meaningful cash on site alongside high-value product. That combination creates both external robbery exposure and internal theft exposure, and neither is covered adequately by a standard property policy.
Most standard carriers still decline the class outright. Coverage comes largely from specialty and surplus lines markets, which means terms, exclusions and pricing vary far more than in other industries. Comparing forms matters more here than comparing premiums.
Costs vary based on business type, location, coverage amount, claims history, and business size. Expect to pay between $1,000 and $3,000 annually for basic coverage.
Yes, but you will need to ensure compliance with each state’s regulations. An experienced broker can help you navigate multi-state operations.
Work with an experienced insurance broker to assess your risks and determine the necessary coverage for your operations.
State laws typically require general liability insurance. Specific requirements vary, so check your local regulations.
It covers legal defense costs if a product harms a customer, including adverse effects, contamination, and damaged property.
Reviews from Semper Insurance clients
110-35 72nd Rd, Forest Hills
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We are so thrilled to be working with Adam. From the get-go, he took the time to understand our business's needs and worked closely (and tenaciously) to assemble an insurance package that met our unique needs. He's shown himself … More to be diligent, contentious, and a true advocate -- in many ways it feels like Adam's become an extension of my team. In the months we've been working together I've really come to trust Adam, and feel his partnership as an agent reflects a knowledge of our business and its mission and a genuine energy to strengthen and protect our operation.
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