Michigan Cannabis Insurance


The Cannabis Industry is Evolving—so is the Insurance

Why is it important to work with independent industry professionals to protect your cannabis business, assets, and people? The answer is clear—the cannabis industry presents a constant challenge to keep up with the industry’s expanding business insurance needs. New business types and new applications are entering the marketplace daily. State laws are evolving at a rapid pace. Allow us to keep you up-to-date and protected.

Outdoor Cannabis Flowers
Who Needs it

Who Needs Cannabis Insurance?

We have critical insurance offerings for businesses in the cannabis industry. This includes provisioning and retailers—even those without on premise consumption. We have coverage options for wholesalers and processors, whether you’re selling or growing medicinal or recreational marijuana.

Hands Trim Cannabis Plant Marijuana Indoor Farm
  • Growers & Processors
  • Dispensaries
  • Wholesalers and Brokers
  • Manufacturers of Goods & Equipment
  • Transporters
  • Laboratories

If you are in the business of providing equipment to, growing, or dispensing legal or medical cannabis, we can help. We work with recreational and medicinal cannabis businesses across the country to place coverage.

Building Business Personal Property

Protect the things you use to run your business. Equipment, computers, furniture… everything you need to function and make a profit. That’s your BPP exposure.

Tenant's Improvements & Betterments

Protect your investments even if you’re leasing a space to run your business. This includes improvements like adding counters, display shelves, walls, new flooring, etc.

Cannabis Stock

Is the stock you’re selling protected to value? Flower, vapes, edibles, concentrates… There’s a good chance this is worth hundreds of thousands of dollars.

Crop Coverage up to $5,000,000

If you’re cultivating, you must protect your growing plants from “seed to sale.” We’ll help you insure your product even before it reaches market.

Business Income

How much income would you lose if your business were shut down for a week? A month… or even longer? Protect against the unforeseen business interruption.

Money & Securities

It’s not just about your inventory. Any good business should protect its cash, receipts, and accounts payable. We’ll make sure you’re completely covered.

Employee Dishonesty

We all strive to hire decent honest people. Sometimes even the best employees may develop “sticky fingers” and take what isn’t theirs. Protect your business now.

Water Backup of Sewer & Drains

With the up-and-down of extreme Michigan weather, get ahead of a major loss due to water backup. You don’t want to lose your inventory due to flooding.

Premises and Operations

If a customer claims your business has caused them harm, you’ll need to protect yourself. A moderate payment now can save you hundreds of thousands on legal fees later.

Employment Practices Liability Insurance (EPLI)

Employers are exposed to current and past employee claims of discrimination, misconduct, or wrongful termination. This coverage can help protect your reputation.

Cyber Liability

Any business that stores sensitive data—whether on a network or in the cloud—should have a cyber insurance policy. Protect yourself during a data breach.

Defense Costs Outside the Limit of Liability

This will cover you should there be any costs incurred during the defense against a claim. With this coverage, the entire liability limit can be used for judgements.

Budtender Professional Liability

Any business that regularly gives their customers advice or offers services to clients should get this coverage. Don’t be blamed for a bad suggestion.

Hired Non-Owned Auto Liability

Do your employees ever run errands? If your company is brought into a lawsuit because a person involved was performing a service for your business, you need this coverage.

Why us

Why Choose Allied For Cannabis Insurance?

Our dedication to the highest standards of ethics and integrity is the foundation of Allied Insurance. Our reputation can be reflected in the companies we have come to represent. As an industry-leading insurance agency, we have access to a full suite of cannabis industry-focused insurance programs that help protect or reduce your company’s risk.

California cannabis cultivation at its finest. A close up of the marijuana farm industry. Beautiful macro and micro shots. Green house, outdoor, indoor plants and harvesting

Take the first step toward comprehensive coverage by requesting a quote from Allied Insurance Managers today!