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Maine Cannabis Insurance

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› Insurance Products › Cannabis Insurance › Maine Cannabis Insurance

one cannabis leaf being grown in greenhouse covered under Maine cannabis insurance Marijuana for recreational use has only been legal in Maine since 2016. Protecting you and your cannabis business from lawsuits, property damage and other risks is essential. MFE Insurance offers Maine cannabis insurance, and we can ensure any unexpected covered costs do not affect the long-term stability of your business.

Cannabis Insurance Policies Offered In Maine

Various types of cannabis organizations are allowed to operate in Maine. Whether you are a dispensary, grower and cultivator or another cannabis organization in Maine, you may need all or some of the insurance policies listed below.

General Liability Insurance

Every business in Maine should have general liability insurance, especially those who operate within the cannabis industry. This policy covers your financial responsibilities after a bodily injury or property damage lawsuit. It may also cover medical expenses to workers and third-parties when necessary.

Product Liability Insurance

If someone claims your cannabis product causes bodily harm to them, they may file a lawsuit against you. Regardless of the legitimacy of the claim, lawsuits can be a huge financial burden. Product liability insurance from MFE Insurance protects your company from financial loss by covering necessary legal payments and other financial obligations.

Crop & Inventory/Finished Stock Insurance

Product liability insurance protects your business if someone claims your product caused bodily harm or property damage, whereas crop insurance and inventory/finished stock insurance protect you from any damage that occurs to the plant or product before it is sold. MFE Insurance offers both crop insurance and inventory/finished stock insurance for growers, processors, transporters and provisioning centers.

Commercial Auto Insurance

Commercial auto insurance protects your company from high financial costs if an auto accident were to occur. If one of your workers is involved in an auto accident while driving a company vehicle or while on the job, then MFE insurance can cover medical expenses, legal fees and more. We also cover the repair and replacement costs if physical damage or theft occurs.

worker wearing blue gloves growing weed plants while being covered by Maine cannabis insurance

Workers Compensation Insurance

Workers who are injured or ill and unable to work are eligible for workers compensation. Maine requires most businesses to have workers compensation coverage. We provide insurance policies for workers compensation here at MFE Insurance, and we protect you from financial loss by covering replacement income, medical costs, costs to retrain new employees and more.

Umbrella / Excess Liability Insurance

Your primary liability policy should cover most of the costs associated with legal fees, repair and replacement of damaged property, medical expenses, etc. However, it may not cover all the costs, which is when excess liability insurance takes effect. Our umbrella insurance policy covers any costs your primary liability policy does not.

Equipment Breakdown Insurance

Equipment breakdown insurance covers your company’s equipment and machinery. This means if your equipment gets damaged, we cover the repair and replacement costs. We help with all types of cannabis equipment, including hydroponic watering systems, industrial fans and heating lamps.

Cyber Liability Insurance

Your Maine cannabis business should protect itself from cyber crimes with cyber liability insurance from MFE Insurance. We can protect you from monetary loss that results from data theft and information mismanagement, which can lead to third-party lawsuits if social security numbers, credit card information and other private information ends up in the wrong hands.

cannabis plant growing for medical purposes

Loss Of Income Insurance

Loss of income insurance protects you from financial loss over an extended period of time due to a natural disaster, pandemic or another disruption that impacts your business long-term financial success. Your Maine cannabis company should protect itself from high out of pocket expenses due to relocation after a natural disaster, reinstatement fees, payroll, taxes and more that we cover here at MFE Insurance.

Employee Benefits Insurance

If your company offers health insurance, retirement plans and other employee benefits, then you should protect yourself from high expenses if the coverage fails. For example, if a new employee gets injured before their employee benefits take effect and your company is responsible for the medical costs, then MFE Insurance’s employee benefits insurance will cover the costs so you are not financially responsible.

Crime Insurance

cops coming for criminal activityThe cannabis industry in Maine is still young, and crimes from employees and others can occur despite measures to prevent them. To ensure you are protected financially in the event theft, fraud, forgery and other types of crimes occur, contact MFE Insurance to register for our crime insurance policy.

Property Insurance

Property insurance protects the physical property in Maine at which you operate. MFE Insurance also includes computers, fixtures and other related hardware in property insurance for all policyholders, ensuring you are adequately protected financially if unexpected damage occurs.

EPLI Insurance

Your Maine cannabis dispensary or grow operation likely relies on the help of multiple employees. If so, then you need EPLI Insurance to protect yourself from claims of discrimination and other employment-related discrepancies. We cover defense costs for claims against your Maine cannabis company and other fees related to employee discrepancies.

Product Recall Insurance

Product recall insurance is designed to protect a business from the financial burden associated with a recall. A recalling process takes time and money a business does not normally account for when manufacturing or selling products. Recall insurance covers the costs related to retrieving the products, shipment, proper disposal, restocking, loss of profit, and much more. The insurance experts at MFE Insurance will cover these costs and assist throughout your insurance claim.

Maine Cannabis Organizations We Provide Cannabis Insurance For

MFE Insurance helps in every aspect of the cannabis process, and we help growers, processors, dispensaries and more.

medical marijuana retailer sign with arrow pointing towards a dispensary protected with Maine cannabis insurance

Provisioning Centers & Retailers

Dispensaries and other provisioning centers and retailers deal directly with the consumer. This leaves them vulnerable to lawsuits if a customer believes the product they purchased caused them bodily harm. For example, a customer may state there are pesticides in the cannabis product. To protect yourself financially from these instances, be sure to purchase Maine cannabis insurance.

Growers & Farmers

Growers and farmers rely upon equipment and machinery, so equipment breakdown insurance in addition to general liability and product liability coverage are important. MFE Insurance works with all types of cannabis growers and farmers in Maine, and we can tailor an insurance plan to ensure you are properly protected.

Processors & Laboratories

medical marijuana being taken care of my Processors and Laboratories insuranceProcessors and laboratories are responsible for turning the cannabis plant into the cannabis product. This leaves them liable to lawsuits, equipment repair costs and other financial concerns. Maine cannabis insurance from MFE Insurance can protect your processing center or laboratory from monetary loss.

Product Transporters

Product transporters are responsible for moving the cannabis product from the processor/laboratory to the dispensary (or another place of commercial sale). If your Maine business includes product transportation, then you will need to protect yourself with product liability insurance, commercial auto insurance and other Maine cannabis insurance policies.

Ancillary Cannabis Companies

weed plants being grown in property  covered by insurance Attorneys, marketing groups and other organizations that work with cannabis growers, processors and provisioning centers need insurance to protect them from third-party lawsuits and other potentially troubling incidents. Our team at MFE Insurance can cover the cost for a range of concerns to ensure your ancillary cannabis company does not experience a monetary loss due to a covered concern.

Property Owners & Landlords

If you are a property owner or landlord of a tenant who uses the commercial space to grow, process or sell cannabis in Maine, then you need Maine cannabis insurance to protect you from potential financial concerns that result in high out of pocket costs. Most notably, property owners and landlords need property insurance and crime insurance, which we offer here at MFE Insurance.

Speak To The Maine Cannabis Insurance Brokers

Call our team at 213-266-7990 to speak with our Maine cannabis insurance brokers today. We can discuss your insurance needs and ensure you are protected from monetary loss and accident with Maine cannabis insurance.

Apply For Main Cannabis Insurance

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213-266-7990

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Los Angeles, CA 90013
213-266-7990

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

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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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