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Mississippi Cannabis Insurance

Home › Insurance Products › Cannabis Insurance › Mississippi Cannabis Insurance

cannabis cultivationThe insurance brokers at MFE Insurance are well-versed in the unique insurance needs of the Mississippi cannabis industry. They can help you transfer and mitigate any potential risks that may arise in the business.

MFE’s Mississippi cannabis insurance coverage options range from the standard fare required of any business to the unique dangers of doing business in the cannabis sector. If you need cannabis-specific insurance, our insurance experts have you covered. We’ll take care of the details so you can concentrate on expanding your business and increasing its revenue.

MFE Insurance Offers Cannabis Insurance in Mississippi

Here is a closer look at the types of coverage we offer to marijuana dispensaries, growing operators, and other cannabis-related businesses.

General Liability Insurance

When you get MFE’s general liability insurance, you’re covered for claims of negligence that could result in lawsuits involving bodily harm, property damage, slander, libel, personal injury, copyright infringement, and more.

Here are the three primary types of protection that we provide:

  • Premises Liability: This insurance will meet the needs of a lease provision regarding potential trip, slip, and fall dangers.
  • Medical Payments: Adds health care costs from slips, trips, and falls and helps avoid liability suits.
  • Hired/Non-Hired Auto: Vehicles utilized in the cannabis industry are covered by incident liability insurance.

Product Liability

cannabis and other herbs in jars as a souvenir in the storeProduct liability insurance protects your Mississippi cannabis business from financial loss if you face a product liability suit because of a faulty product.

If your product produces any ailment or side effect after it is consumed or used, product liability will protect you. Additionally, it helps safeguard against claims of injury made by third parties who have used your products.

The following are some instances in which cannabis product liability may be useful:

  • Mitigating a claim from an outside party who suffers some bodily harm or illness because of your cannabis product.
  • Taking care of issues related to the recall and removal of a product.
  • Dealing with a product liability lawsuit, which can be quite costly if they are filed because of a malfunctioning or defective product.

Transportation Insurance

Transporting cannabis is heavily controlled, with severe consequences for Mississippi cannabis businesses that break the rules. No matter what kind of business you run, transporting cannabis requires you to have a commercial auto insurance policy.

The following are some of the ways transportation insurance or business auto insurance protects you:

  • It protects in case of an accident for which you are responsible, covering third-party injuries and damage.
  • It offers complete collision coverage. All costs associated with fixing your company car are covered, no matter who was at fault.
  • It provides protection in case someone who does not have insurance causes an accident.

Property Insurance

You need property insurance if you’re in the cannabis business, whether as a dispensary, grower, or lab. MFE Insurance offers access to property insurance products tailored to the unique needs of the cannabis industry, including coverage for buildings, greenhouses, and other real estate assets.

Property insurance will get your Mississippi cannabis business back up and running as soon as possible after a calamity.

Property insurance may offer protection from:

  • Losses from calamities, including fires, thefts, and vandalism
  • Reduced earnings as a result of the abovementioned causes

Cargo Insurance

remote cbd delivery serviceSome of the goods you handle as a Mississippi cannabis company may be extremely valuable and difficult to replace, such as harvested crops. If Mississippi cannabis firms don’t have reliable shipping insurance, they could lose everything if a natural disaster strikes.

If this priceless cargo were to be lost, damaged, or stolen during delivery, cargo insurance would cover your company’s financial damages.

The following are some of the many advantages of cargo insurance:

  • All lost freight is replaced at no cost to you.
  • Provides monetary compensation for lost, irreplaceable cargo .

Workers’ Compensation Insurance

Mississippi cannabis workers’ compensation is necessary if you have employees. Employers who fail to provide workers’ compensation insurance face steep fines and possibly even closure if they do not comply with the law.

If you have employees, they are entitled to reimbursement for injuries and short-term and long-term disabilities that they sustain on the job. Legislation and government oversight make workers’ compensation obligatory.

The following are some of the things that workers’ compensation insurance might pay for:

  • Medical Expenses
  • Missed wages during recovery
  • Lawsuits related to work injuries
  • Compensation for fatal injuries

Crop Insurance

farmer growing cannabis plantsMississippi cannabis crop insurance is essential for any business that cultivates cannabis or stores cannabis in bulk. Crop, inventory, or finished stock insurance can safeguard a farmer, processor, or dispensary owner from financial and material loss.

Crop insurance may offer the following coverages:

  • Seedlings/Clones
  • Seeds
  • Vegetative Plants
  • Harvested Plants
  • Flowering Plants
  • Finished Stock

Equipment Breakdown Insurance

If your cannabis cultivation equipment breaks down, rest easy knowing that your property and stock are protected.

The advantages of equipment breakdown insurance include:

  • The cost required to fix broken machinery or replace it
  • Labor and materials needed to repair or replace the machinery
  • Replacement price for lost or ruined cannabis inventory or perishables

Equipment Coverage

When purchasing insurance for your Mississippi cannabis business, it is essential to have coverage for your equipment in addition to the standard property and breakdown protections.

Don’t confuse equipment coverage for equipment breakdown coverage. Breakdown policies do not cover equipment damage due to vandalism or lightning strikes.

Contact MFE Insurance For Mississippi Cannabis Coverage

MFE Insurance’s seasoned insurance brokers are familiar with the risks inherent in the cannabis business and provide personalized assistance to help you secure the protections you need. To learn more about how our Mississippi cannabis insurance solutions can protect your cannabis business, contact us online or at 213-269-4005.

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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!
Matthew Michael Ross
Matthew Michael Ross
20:21 05 May 23
I just wrapped an Independent Feature and I can tell you, Insurance was extremely important. Nick Pursel and MFE were amazing to work with! They answered calls when I needed them and I did on several occasions. Their policy got me equipment and locations with no problems due to their reputation. And Nick advised me on what I needed and what I didn't need. Supporting my project while keeping my costs down. Thanks MFE for protecting my cast, crew, and production. We did it!
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