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California Cannabis Insurance

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You are here: Home / Insurance Products / Cannabis Insurance / California Cannabis Insurance

Opening a cannabis dispensary in California is a lot of work. Just like any other business, California cannabis companies are as equally susceptible to lawsuits, damaged property and a plethora of other concerns that could lead to high costs, which can hinder short and long-term success. If you are a provisioning center, retail center, grower, processor, transporter or another type of professional within the cannabis industry in California, then call our team at MFE Insurance to learn more about the benefits of California Cannabis Insurance.

 

1019 E. 4th Pl.Los Angeles, CA 90013

213-266-7990

 


Cannabis Insurance Policies Offered In California

Here at MFE Insurance, we offer California cannabis insurance for general liability, product liability and a variety of other important types of insurance policies to keep your California cannabis business protected. The following is an in-depth review of each cannabis insurance policy we offer and insight into how cannabis insurance works and what each policy covers.

General Liability Insurance

close up of a cannabis plant that has California cannabis insuranceEvery business in California should have general liability insurance, regardless of the industry they are in. General liability coverage for your cannabis business can protect you from any claims of bodily injury or property damage a third party or worker makes against your company.

Product Liability Insurance

Many California cannabis companies deal with claims that their cannabis product caused bodily harm or property damage. Regardless of the legitimacy of the claims that are made, the legal fees and other expenses can hurt your business significantly and lead to large financial losses. California cannabis insurance from MFE Insurance ensures all of your covered financial responsibilities are handled.

Crop & Inventory/Finished Stock Insurance

California cannabis grow operations, processors and dispensaries should cover their crop and inventory with a reliable crop & inventory stock insurance policy. When you choose MFE Insurance, we ensure that you are protected if anything happens to your crop while it is growing or after it is processed and awaiting commercial sale.

Commercial Auto Insurance

cannabis plant that has California Cannabis InsuranceAnyone cannabis business in California, which utilizes commercial vehicles for their operation, such as product transporters, need commercial auto insurance. We offer both comprehension and collision insurance and auto liability insurance. This protects your business from damage or theft to owned, non-owned, borrowed and hired vehicles, preventing the need to make high out of pocket payments if any accidents occur.

Workers Compensation Insurance

All employers who have one or more employees in the state of California must have workers compensation insurance. This ensures your employees receive compensation if they are injured or ill and forced to miss work for an extended period of time. MFE Insurance offers competitive rates on workers compensation insurance to ensure you do not suffer monetary loss if there is a workplace accident to one or more of your employees.

Umbrella / Excess Liability Insurance

Primary liability policies typically have limits. For example, your primary policy may only cover up to $200,000 if a claim is made. If your total costs are above $300,000, you are responsible for the additional cost. Umbrella/excess liability insurance covers all costs that your primary liability policy does not.

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Equipment Breakdown Insurance

Any California cannabis company that uses equipment and machinery should protect themselves from financial loss caused by damaged equipment. At MFE Insurance, we cover all types of equipment, including hydroponic watering systems, security systems, heating lamps and much more.

Cyber Liability Insurance

Cyber liability insurance from MFE Insurance covers issues such as legal fees for defense court, settlement payments, customer notification costs, public relation damage control and more. We cover the financial concern of any data breach that occurs to your business.

Loss Of Income Insurance

a young cannabis plant being help by a grower who has California cannabis insuranceLoss of income insurance protects your business from financial hardship due to a natural disaster or another unexpected circumstance that affects your ability to operate normally. MFE Insurance covers the cost of relocating your business, payroll, taxes, mortgage payments and more.

Employee Benefits Insurance

Employee benefits are a great way to make your employees happy working with your company. MFE Insurance can ensure your employees receive the benefits they are guaranteed if anything were to go wrong with their health insurance, life insurance and retirement plan coverage.

Crime Insurance

Crime insurance covers any financial losses your cannabis business suffers as a result of theft, fraud and other crimes. To name a few, our extensive coverage includes employee dishonesty coverage, forgery or allegation coverage, computer fraud coverage, funds transfer fraud coverage and money and securities coverage.

Property Insurance

Property insurance protects your cannabis business’s property, which may include your building, fixtures, computers, hardware and more. To find out about our full list of coverage includes property insurance with MFE Insurance, call us today.

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EPLI Insurance

EPLI Insurance includes wage and hour coverage, claims of sexual harassment (legal expenses and settlements) and other employment-related concerns. These claims can happen to any cannabis business, and every California cannabis company that has employees should have an EPLI insurance policy.

Product Recall Insuracne

Recalls are inevitable and occur almost every day. Acquiring a product recall insurance policy is vital to any business that manufactures or distributes consumable goods. Businesses are not always prepared to handle the economic hardship associated with recalls. Product recall insurance gives businesses peace of mind of covering costs such as retrieving and restocking, shipment, warehouse expenses, disposal costs, and much more. The insurance experts at MFE insurance will make sure your business is reimbursed and help you through the process of your claim.

California Organizations We Provide Cannabis Insurance For

California organizations that we offer cannabis insurance for include provisioning centers, retailers, growers and farmers, processors, ancillary cannabis companies and property owners. Each type of organization can benefit from California cannabis insurance from MFE Insurance in a unique way.

Provisioning Centers & Retailers

weed plant with black background that has California cannabis insurance Provisioning centers and retailers such as marijuana dispensaries are perhaps the most vulnerable to third-party lawsuits as they sell directly to the consumer (whereas grow operations and laboratories are business to business). Subsequently, general liability and product liability insurance are essential, along with other necessary insurance coverage such as workers compensation and property insurance.

Growers & Farmers

Growers and farmers are also vulnerable to lawsuits from other businesses and customers, particularly if someone believes the product is faulty or causes bodily harm. MFE protects you by offering product liability coverage, crop and inventory/finished stock and workers compensation insurance, among other potential coverages your cannabis organization may need.

Processors & Laboratories

Anyone who deals with making the cannabis finished product from the living cannabis plant also has financial risks in the form of lawsuits, inventory damage, equipment damage and more. Call MFE Insurance to find out about essential policy coverages if you are a California cannabis company.

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Product Transporters

This includes anyone who delivers the finished cannabis product from the grow operation site or laboratory to the dispensaries. Of course, there are also other types of cannabis product transporters, all of which need product liability insurance and commercial auto insurance at a minimum.

Ancillary Cannabis Companies

Ancillary cannabis companies include any business or professional who works directly with other businesses within the cannabis industry. This could include technology departments, law professionals and a variety of other people who work in a different industry. If this applies to you, then call MFE Insurance to discuss how California cannabis insurance can help your company.

Property Owners & Landlords

Landlords that rent to commercial tenants that run a cannabis organization, whether it is a dispensary, grow operation or another form of business, must protect themselves with property insurance and crime insurance. In some instances, additional policies may be necessary as well. Our team at MFE Insurance can ensure you get the coverage you need.

Speak To The California Cannabis Insurance Brokers

Call our California cannabis insurance brokers today at 213.266.7990 to learn more about our policy options and protect your cannabis business from monetary loss. We can tailor a plan to fit your needs precisely, and we can answer any questions you may have on the initial call about out California cannabis insurance.

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213-266-7990

1019 E. 4th Pl.
Los Angeles, CA 90013
213-266-7990

19 Clifford St. 6th Floor
Detroit, MI 48226
313-395-1855

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4.8
MFE Insurance Brokerage
MFE Insurance Brokerage
4.8
Tara Fartemer
Tara Fartemer
13:34 20 Aug 19
I called MFE Insurance Brokerage about car insurance for my son after seeing the reviews on Yelp. (My son is a student in CA and I live in TN.) Payman explained everything in detail and got a great rate for us! I would definitely recommend him to anyone looking for insurance!
Aaron Godfred
Aaron Godfred
16:55 10 Sep 18
MFE Insurance is great. Omaze has demanding and constantly changing insurance needs and MFE is easy to get in touch with, has a great online cert generator and are awesome people to boot! Highly recommend.
Oscar Bucher
Oscar Bucher
05:25 15 Mar 18
Alec Roberts and his team really go the extra mile to ensure their clients receive the proper insurance that is right for their business at the best price with a timely turnaround. They provided same day service - from quote to a full policy with proof of insurance and helped me win bids and develop my business. They are your allies in the insurance world - look no further!
Jon Keeyes
Jon Keeyes
19:21 13 Sep 17
I've worked with many insurance companies over the years for production insurance on feature films. Once I found MFE, I never looked back. Not only is there pricing competitive (and typically better than many other brokers), Alec and his staff are amazing, quick to reply, and fast to assist. And they make all your insurance needs for production run smooth and easy. I couldn't recommend a better broker.
Ashley Rosenberg
Ashley Rosenberg
22:26 24 Oct 17
AMAZING. Never felt like they were giving me BS information, or quotes that weren't necessary for my production. Always informative (explaining in depth what I would, or wouldn't need for certain situations! Claims were seamless, and the team is always responsive. So grateful to have a broker that really is working for my best interest!!
Ian Bell
Ian Bell
18:03 03 Apr 18
Kat and the rest of the MFE team are amazing. Great communication and quick to find the best possible coverage.
Nick Scully
Nick Scully
20:20 29 Nov 18
John Hart was my broker for my first project requiring insurance, and he was incredibly helpful, professional, and patient with a first-timer. Highly recommend MFE and John's services!
Aaron Brown
Aaron Brown
16:25 13 Sep 17
I've been working with Alec and his team for years. They provide our production insurance and throughout the entire process, including a handful of claims, I've always felt informed, supported, and taken care of. Can't recommend MFE enough - these guys are the ones you want in your corner. They know the best insurance policies and will help manage any claims that arise.
Kate Ryan
Kate Ryan
16:50 08 Mar 19
MFE Insurance saved my business money and offered better coverage. We've worked together over the last several years, and have recommended MFE to family and friends. Alec Roberts and his team are always available to answer our questions or requests, and everything is done in a timely manner. We can't say enough about how well we are treated!
Alexander Baker
Alexander Baker
02:17 26 Sep 20
We were looking for last minute equipment insurance for a film shoot and MFE couldn't have been more helpful. John Hart was fantastic and made sure we got our coverage in time! I could not recommend this company more.
Kyle McKee
Kyle McKee
16:28 01 Mar 22
Been a customer for almost a year. Quick and easy to set up and was able to get a much cheaper price than my "good neighbor" insurance.
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