Cannabis Insurance for Growers in Massachusetts and Maine
From seeds to harvest, cannabis growth and cultivation is the beginning of the entire marijuana industry. By ensuring strain quality, growth potential, and timely harvesting, cannabis cultivators produce the base cannabis product that is spread throughout the industry. This crucial process comes with inherent risks: crop failure, greenhouse malfunctions, or product theft.
Here at Budrisk, we have identified solutions to manage these risks to ensure the continuity of your cannabis cultivation business. We provide the most competitive insurance solutions to cannabis businesses in Massachusetts and Maine.
If you're involved in marijuana cultivation, you may be one of these different business types:
Standard Cannabis Cultivator: A grower or business that produces marijuana on no more than 100,000sq ft of operating space.
Growth Cannabis Cooperative: A group of individuals who grow cannabis under one license at multiple locations
For more information, if you live in Massachusetts, please check out the guidance on Cannabis Control Commission (CCC), or look at this document made by the CCC that outlines the specifics of each cannabis cultivator type and the regulations surrounding them in Massachusetts. If you live in Maine, please check out the guidance on Office of Marijuana Policy.
Our Grower Insurance Covers:
A standard insurance policy to protect cannabis operations from claims about property damage or bodily harm.
Our insurance covers repairs or replacement for damage to company-owned property and equipment.
Our Insurance can protect executives from claims against them or their cannabis company due to alleged negligence.
Our Insurance provides defense against injury claims allegedly caused by products sold by your cannabis business.
Insurance to provide wage replacement for workers injured on the job and defend cannabis companies from employee lawsuit.
Our Insurance protects against legal action taken due to malicious breaches of cyber security software.
Coverage for all company-owned unattached property, such as furniture or equipment.
Policy designed to protect professionals against liability related to their specialty.
Provides continued income in the event of unexpected disruption to your cannabis business.
Our Insurance protects equipment and material used for construction/renovation of your building.
Our Insurance offers healthcare and benefits packages to selected employees and executives.
Coverage for financial loss due to equipment failure or destruction during operation.
Provides full restitution of value of stolen cannabis products in the event of property or product theft.
Insures against destruction of cannabis crops due to natural disaster or poor seasonal conditions.