Crime Insurance for Cannabis Businesses
Crime Insurance for cannabis businesses helps protect your operation from financial losses tied to theft, robbery, burglary, employee dishonesty, and certain fraud scenarios. In cannabis, cash and product can attract the wrong kind of attention fast, even when you run a tight ship.
Cameras and safes are great, but they do not replace missing money or inventory. Crime coverage is built to help your business survive the hits that security alone cannot prevent.
What is Crime Insurance?
Crime Insurance is coverage designed to help with direct financial loss to your business caused by specific criminal acts, like theft by employees, robbery, burglary, and certain forms of fraud. What applies depends on the policy terms, limits, conditions, and exclusions, but the goal stays the same: protect the business when money, securities, or other covered property disappears due to a crime event.
For cannabis operators, this is one of the most practical policies you can carry because the exposure is constant. Cash handling, valuable inventory, and staff access create real risk every single day.
Dispensaries
Dispensaries are a daily target because they deal with cash, foot traffic, and inventory in the same building. Crime coverage can be a key layer of protection for losses tied to theft events and internal shortages that are hard to prove without the right policy structure.
Distributors and Delivery Teams
Distribution and delivery add exposure the moment money or inventory moves off site. Vehicles, routes, stops, and driver access create more opportunities for theft and loss. Crime coverage can help address scenarios where cash, checks, or other covered property is taken or disappears during business operations, depending on how the policy is written.
Cultivation and Manufacturing Facilities
Cultivation and manufacturing locations hold high value inventory, equipment, and materials. Employee access, shift changes, and large storage areas can create theft exposure that builds quietly over time. Crime coverage can help when losses stem from employee dishonesty or certain theft events, subject to policy terms.
Who Needs Crime Insurance?
If your business handles cash, stores valuable inventory, or has employees with access to money or product, you are a Crime insurance candidate. Most operators do not realize how quickly a small internal leak can become a serious monthly loss, or how fast one robbery can shake the whole operation.
Crime coverage is not only about worst case headlines. It is about everyday vulnerability in high trust environments.
Cash Heavy Cannabis Businesses
If you routinely collect and store cash, run deposits, use cash pickup services, or keep cash on site, crime exposure is part of the job. Crime insurance can be a smart layer for losses tied to covered theft events, especially when cash moves through multiple hands.
Teams With Inventory Access
If staff handle product receiving, storage, packaging, fulfillment, or back room operations, you have internal theft exposure. The more people touch inventory, the more important controls become, and the more valuable crime coverage can be as a financial backstop.
Multi Location Operators and MSOs
More locations means more keys, more managers, more shift transitions, and more opportunities for shrink. Crime coverage becomes more important as you scale because small losses across multiple sites can add up quickly.What Does Crime Insurance Cover?
Crime coverage is typically structured around specific loss triggers and specific property types. What is covered depends on the form and endorsements, so this is meant to keep it educational and help you ask the right questions before you rely on it.
Your exact coverage depends on policy wording, limits, definitions, and exclusions.
Employee Dishonesty
Often designed to address covered losses caused by dishonest acts committed by employees, such as theft of money or other covered property, subject to the policy terms and proof requirements.
Theft, Burglary, and Robbery
Commonly tied to covered theft events like burglary or robbery involving business property. The details depend on how the policy defines each event and what property types are included.
Forgery or Alteration
Often intended to address covered losses tied to forged or altered checks or similar payment instruments, subject to policy definitions and conditions.
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Have questions? Our FAQs make finding answers easy.
ASKED QUESTIONS
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We provide insurance solutions for a wide range of cannabis businesses, including cultivators, manufacturers, distributors, retailers, and ancillary service providers. Whether you're just starting or already established, we tailor coverage to fit your operations.
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In many states, certain types of insurance—like general liability or workers’ compensation—may be required to operate legally. Even if not mandated, having insurance is strongly recommended to protect your business from unexpected risks.
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Cannabis insurance can protect your business from property damage, product liability, theft, crop loss, equipment breakdowns, and more. It also helps with legal fees if your business faces claims or lawsuits.
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The cost of cannabis insurance varies depending on your business type, size, and specific risks. Pricing is flexible and can be discussed during a consultation, where we can recommend coverage options that suit your needs.