The cannabis industry is rapidly expanding and projected to be a $21 Billion Industry by 2020 and $66 Billion by 2025. This growing industry introduces a lot of unique needs in terms of insurance. The good news is, Tuscano has markets to help with these hard to place risks!

Property:

• Cultivators and Growers

• Medical, Food, Drink, Supplemental Manufacturers

• Retail Outlets

• Ancillary Products, Vape, and Paraphernalia

• Infused products (bakeries, candy makers, etc.)

• Lessor's Risks

   

  Extraction Operations:

• Butane, Hexane, High Hazard Alcohols, etc.

• CO2

   

  Some Extraction Underwriting Criteria (supplement required)

• Equipment Manufacturers Listing

• Segregated D1 protected room

• Ventilation system

• Gas detection system

• Explosion proof electrical

• Separated gas storage

• Third-party maintenance agreement

• Operational backup generator

Inventory- Finished / Harvested Stock

• Equipment Breakdown coverage and property enhancement endorsements available

Liability

• General Liability to include Products Liability or Products Only Liability

• Hemp, Dietary Supplements

• Pet Care Products

• Hemp Farms

• Oils and Lotions

• Protein Supplements

• Foods with additives

• Manufacturers or Distributors

• Retailers/ Wholesalers

• CBD, and Cannabidiol Products

   

  The demand for cannabis-related insurance products will only grow as more states legalize cannabis. We can also help with Allied Health for Medical Marijuana Evaluation Clinics, Excess Liability, Management Liability, and Professional Liability. Give one of our casualty underwriters a call today to discuss.

   

Please call us to discuss a risk and the minimum premiums for each line of business. Contact a member of our Casualty Team for GL and Professional Risks, or a member of our Property Team for Property Risks