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Connecticut Cannabis Insurance

› Insurance Products › Cannabis Insurance › Connecticut Cannabis Insurance

cannabis oils, serums and other products on display on a tableThe demand for cannabis and related products has increased dramatically over the last few years as more than half of the United States have now legalized some form of marijuana for medical and/or recreational uses.
It is no secret that the cannabis business is booming in Connecticut, especially after its legalization on July 1st, 2021.

Cannabis Insurance Offered In Connecticut

Like every other business, your marijuana business must have insurance so that you won’t have to bear financial liabilities if things go wrong. But the division between state and federal standing makes it tough for companies in this industry to find affordable and inclusive coverage.
If you are tired of restrictive plans, let us help. MFE Insurance caters to all types of cannabis-related businesses and offers various kinds of coverage.
Types of coverage we offer include:

General Liability

MFE insurance offers general liability coverage, which covers you and your organization in case of a personal injury or damage on-premises. This coverage will cover any third-party lawsuits during a claim within your dispensary or grow operations.

Product Liability

cannabis worker examining a greenhouseSince the cannabis industry is a relatively new market, there will likely be consumers who are not fully aware of the appropriate use of the products provided by your business. There is a high chance that there may be claims against your organization from an individual or a group of individuals who have experienced an injury due to product usage. Product liability coverage will help protect you from any claims of this nature.

Stock Insurance

Whether you are a grower, processor, or own a dispensary, there will always be stock that needs to be protected. Stock insurance protects you from any damages to products in storage.

Cargo Insurance

cannabis commercial auto insurance cover with Connecticut cannabis insuranceCargo insurance helps cannabis producers ensure their products in transit. This will cover any loss of product if the cargo is lost, damaged, stolen, or destroyed while in transit.

Commercial Automobile Insurance

Commercial automobile insurance coverage is in two parts: auto insurance and damage insurance. Auto insurance covers physical damage done to a person or property, while damage insurance covers you in case of theft and damage to your vehicle. This coverage is a 360-degree solution for any problems you might face due to damage to your vehicles.

Workers’ Compensation Insurance

Workers’ compensation insurance is a state-mandated coverage that every business is required to hold. It relates to compensation if an employee is injured due to a work-related incident.

Excess Liability Insurance

Excess liability coverage is ideal for large organizations dealing in the cannabis market. This type of coverage provides protection for cases that exceed your general liability policy. MFE ensures that the excess liability policy does not go into effect if it can be met with the general policy. This is an excellent option for large cannabis organizations and offers up to $1,000,000 as a coverage limit.

Equipment Breakdown Insurance

cannabis under special heating lamps protected with Connecticut cannabis insuranceThe production of cannabis requires high-performance machinery which can require a heavy investment. Equipment breakdown coverage protects you from any damages to your equipment.
You can be compensated for repairs and even full replacement of broken equipment. Please keep in mind that if the expenditures exceed the coverage, you must cover the remaining costs out of pocket.

Crime Liability Insurance

Many businesses face crime within their organization, leading to monetary and asset damages. Crime liability coverage protects you in the case of theft by an employee, forgery, computer fraud, and funds transfer fraud and can help you recover lost revenue.

Product Recall Liability

It is common to see businesses recall products, especially consumable products. This can drastically damage the revenue stream of your organization. Product recall liability insurance covers monetary and asset damages caused by the product recall.

Protect Your Cannabis Business With A Policy From MFE Insurance

The cannabis industry is growing at a staggering rate in Connecticut, and organizations are looking toward insurance policies to help them protect their revenue. MFE insurance has been operating in the cannabis insurance business for years, and we understand all possible complications that may arise in this niche market.
The cannabis business has unique liabilities and risks associated with it, and MFE insurance is ready to help protect you from all of them. Our team of experts will ensure that you and your company are protected against any damages you may incur internally and manage any claims filed against your organization.
Our team will ensure you get the best cannabis insurance policy to protect your organization. Visit MFE Insurance today or learn more by calling us at 213-266-7990.

Apply For Connecticut Cannabis Insurance

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213-266-7990

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

344 N Old Woodward Ave,
Suite 302
Birmingham, MI 48009
313-395-1855

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Google Rating
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.
Cody Michler
Cody Michler
17:26 07 Jun 22
Peter was great! I did have to cancel temporarily but due to pivoting my business in a different direction. If you have niche and need coverage reach out to them! Its hard to find insurance for specific niches but they got it working for me while I was doing more onsite work!
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