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Cannabis Insurance

Protect your growing business from seed to sale

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What is Cannabis Insurance?

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Operating regulated dispensaries and nurseries for cannabis presents a special set of challenges, risk and liabilities. Your clients need to be conscious of a range of potential risks from theft, and employee dishonesty to equipment and building damages. Ensuring your clients have the appropriate insurance policy will safeguard them from these threats and unfortunate consequences.

Broadly speaking, insurance is broken down into general categories based on risk: (1) employee-related liabilities (2) injury to people and tangible business assets and (3) damage to physical buildings and fixtures.

Why Do I Need Cannabis Insurance?

It shouldn't be a surprise that when you operate a cannabis related business, there is also a slew of liability and risks that come along with it. It is still a growing business with unique political and consumer risks. Product liability and consumer class action lawsuits are a huge risk to your business and you need to mitigate all the risk possible to a third party.


Cannabis is an emerging business sector that offers a unique set of challenges and risks when it comes to finding the right coverage for your business.

Conflicting state and federal laws, regulations concerning the treatment of cannabis and hemp products, and the reluctance of major carriers to get involved with the cannabis industry can present obstacles in finding the right insurance policy. Many are faced with purchasing substandard policies that may leave gaps in their coverage.


It takes too much hard work, capital, and sleepless nights to run your cannabis business smoothly to settle for a less-than-stellar insurance program, which is why we strongly encourage you to work with industry experts such as PeoplesAlly. 

What Does Cannabis Insurance Cover?

There are a variety of cannabis insurance products available for your cannabis operation, depending on your specific business needs. We offer general liability, product liability, property, and much more.

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General Liability

This will help your company protect itself inclusively and includes damages and injuries, which is especially important when it comes to finding a good medical marijuana dispensary insurance plan. General liability is almost certainly required by your landlord, and as the state laws continue to adjust and new rules and regulations are written, it is becoming a requirement for state licenses.

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Product Liability

Product liability business in the event that you are sued by medical marijuana patients who have undergone inadvertent side effects. Edible marijuana, vaporizing tools, smoking devices and dispensaries are all covered by product liability insurance. Product liability insurance will provide coverage for both the cost to defend the lawsuit and the potential indemnity payment.

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Property Liability

Protecting your business’s property is very important. We can provide you with property protection to restore your business’ inventory, furniture, fixtures and equipment and cover tenant improvements,  just to name a few. Purchasing a medical marijuana dispensary insurance plan will help you get back on your feet much quicker and easier in the event of property damage.

What Does Cannabis Insurance Usually Cost?

The average medical marijuana dispensary in America spends between $350-$750 per year for $1 million in general liability coverage. But keep in mind this is just for general liability and your numbers will vary drastically depending on what you want. 


When applying for insurance, there are many factors that carriers take into consideration while underwriting new coverage. Cost drivers will always be different based on the policy type, limits needed, and stage of the business. Working with the right partner will ensure they are not only negotiating the right coverage but the best possible pricing options for your company.

Additionally, cannabis startups are unique in the eyes of underwriters because their growth tends to outperform the expectations associated with more traditional startups.

We specialize in offering popular insurance products for the new industry norm given the 2020 pandemic.

Contact us now to talk to a professional.

We Are Insurance Experts

We have over 10,000 satisfied customers and 30+ years of insurance experience. We have seen it all and can get you the best package for your needs.

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Providing People with Protection Everywhere

PeoplesAlly is trusted by thousands of businesses no matter what size. We can help you meet your insurance needs in any industry or line of business.

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There are many kinds of insurance out there, but as an accounting & finance business owner, you have very unique needs. At PeoplesAlly, we’ll help you understand what kind of insurance is best for you. Just fill out a simple form online or speak with one of our licensed insurance experts to get a free quote. Plus, with PeoplesAlly, you can purchase a policy, manage it, and submit claims online for ultimate convenience.


“The PeoplesAlly team is extremely knowledgeable and will work hard to find you the best quality and price available. Very professional, no bait and switch, and will give you the bottom line even if it means losing you as a customer. I appreciate honesty rather than sleazy sales people.  

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Learn More

Find out more about what makes us a great company. Learn the basics of various insurance policies we offer. Keep up with the latest news and resources.


Answers to all of your questions about insurance products and the pros and cons of each.


Reference Articles

View our latest insurance articles and find resources to help you figure out  steps along the way.


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