Property - Covers building, business property (machines, office equipment etc), tenant improvements, and inventory.
Commercial Auto - Covers autos owned or used for the business during daily operations, including delivery, transit, and distribution.
General Liability - Legal liability protection against third party claims for bodily injury or property damage and cost of defense. This applies to everything from retail locations to infused products. This is also common for additional insured endorsement requirements.
Business Income - Covers net income during business interruption as result of a covered claim to pay bills such as payroll, taxes, and mortgage. Two-thirds businesses do not continue operations due to inadequate business income coverage.
Workers Compensation- Required by law in most states, this covers wage replacement and medical benefits to employees injured during the course of employment in exchange for relinquishment of the employee's right to sue.
Employment Practices Liability - Covers claims against wrongful act during the employment process such as sexual harassment, wrongful termination, discrimination, and retaliation.
Umbrella - Extends and increases liability coverages over multiple policies such as Business Policy and Commercial Auto.
Event Coverage - Covers liability and property for short term events. This coverage is also popular for additional insured for event holders.
We know that Cannabis testing is a complex, difficult and time consuming process; which implies taking many risks. We also know that the equipment to do it right is very expensive. You no longer have to worry about the costs for the possible claims from customers, employees, fire, theft etc. Our insurance covers the unique risks associated with this process and you’ll be able to run your business responsibly and worry free.
Do you commercially infuse products with cannabis and/or manufacture concentrates? Traditional manufacturing policies don’t cover products that are not FDA approved. This results in increasing the risk of liability exposure in the case of improper dosing or ratios. Like labs and testing, the equipment is expensive and there are many things that can go wrong resulting in great financial loss and set back. We offer all the solutions you need to protect and get your business back up and running in the case of an unexpected loss and/or liability claim.
It’s true that cultivators do not have the same retail exposure as dispensaries, but they’re the core of our business and they’re exposed every day to unfortunate events like fire, theft, claims from customers, raids and lawsuits. That’s why having Cannabis Cultivation Insurance is important. We offer you protection to help you recover from unexpected losses by insuring each stage of the cannabis growth cycle: seeds, clones, vegetative plants, flower plants to finished product. Also, you may have customers who abuse the product that turn into lawsuits. Even if it’s due to their negligence, you have to pay to defend yourself. Let us take care of these risks, so you can concentrate on doing what you do best.
Running a Cannabis business visible to the public comes with many challenges. Theft, fire, legal issues, raids are all common events when owning a dispensary. Did you know there are policies that offer protection from all of those and more, eliminating some of the most common financial losses; keeping you in business. We can provide you industry specific coverages, at the most competitive rates, to get you back on your feet as soon as possible in the case of a loss.
Are you a landlord who owns a building rented to a tenant in the Cannabis Industry? If so, we’re confident you’ve experienced some trouble with your insurance policy. Standard insurance companies will not provide coverage to business owners that engage in this misunderstood and evolving industry. That’s why we’re here to help you. We will provide landlord specific coverage for retail, warehouses, office buildings, greenhouses, farm buildings and any other kind of building that is rented or leased for Cannabis related activities.
Anything that happens during a delivery comes back on the business and the business owners. Do you ever worry that something will happen to your products or drivers while they’re in route? We of offer delivery specific coverage to insure your employees and your products while they are driving personal or company vehicles. These commercial auto policies also apply to dispensary, cultivators, distributors, and other cannabis transportation businesses.
For the Cannabis Industry, ancillary businesses are a cornerstone. Examples of these industries are vaporizers and accessories, glassware, packaging, attorneys, doctors, clothing, and any other industry related to cannabis. These types of businesses are all subject to major risks, yet it is difficult to find proper coverage due to the nature of the industry. But we are here to help find the proper coverage and best rates for your business.
We at Sugarleaf are committed to providing you with the proper coverage for your business, at a price you can afford. We have a foundation of extensive experience both in insurance and cannabis. We are bringing the two together to be your personal insurance experts in making sure you have the coverage you need, when you need it most.
We understand each business has unique risks, especially in this fast evolving industry. We create custom tailored insurance packages fitting each businesses' needs to ensure your business is protected. It is not easy starting and maintaining a business and we want to help protect that investment. We value high standards of ethics and teamwork to create a customer experience unlike any other agency.
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Sugarleaf Insurance Services
CA Department of Insurance License # 0h80391