Cannabis businesses in California must have insurance coverage by law. According to §15308 of the Medicinal and Adult-Use Commercial Cannabis Regulations (California Code of Regulations Title 4), all licensed cannabis distributors are required to carry General Liability (GL) coverage with a minimum of $2,000,000 in total and at least $1,000,000 per loss.
There are several insurers in California that offer cannabis insurance, but most of them focus on liability and property coverage. Only a few providers offer insurance for personnel and other cannabis-specific risks.
If you haven't found an agent familiar with the cannabis industry who can provide quotes from multiple insurers, you can request a consultation with one of our partners for assistance.
Below is a list of the top insurance companies and agencies that provide coverage for cannabis businesses in California:
Insurance Companies and Agencies offering Cannabis Insurance Coverage in California | Additional Info |
---|---|
💥 BOSS BONDS 💥 | Cannabis Surety Bonds |
Admiral Insurance | |
Alpha Root | |
Breckenridge | |
California Brokerage Insurance Associates | |
CannabisConnect | |
CannGen | |
Duncan & Associates | |
Heffernan Walton | |
Hilb Group | |
InCAP | |
Insureon | |
Jencap | |
Metro | |
MFE | |
Mosaic | |
Preferred Employers Insurance | |
Teague |
The insurance company must meet the following California-specific requirements in order to be permitted to offer coverage to cannabis businesses:
A full list of state-approved insurers can be found here. Make sure to discuss your choices with a knowledgeable agent who understands the industry well and can compare between different insurers.