Insurance for Cannabis Grow Facilities
Explore Spire Insurance Solutions exclusive programs for indoor and outdoor cannabis growing facilities.
Specialized Protection For Grow Facilities
Cannabis businesses face unique risks, and having tailored coverage ensures your operations are covered. Our comprehensive insurance solutions are designed to meet the specific needs of indoor and outdoor cannabis and hemp grow facilities, offering peace of mind across multiple areas:
Crop Insurance
Safeguards your cannabis plants against unexpected perils like weather, fire, or disease, ensuring your harvest is protected.
Equipment Breakdown
Covers the cost of repairs or replacement if critical grow equipment malfunctions, helping to prevent costly downtime.
Recall Coverage
Provides financial protection if you need to recall your cannabis products due to safety or regulatory concerns.
Cannabis Stock
Protects your harvested cannabis from theft, fire, or other damages, ensuring your valuable stock is covered.
Theft Coverage
Provides protection if your business suffers theft, covering the cost of stolen cannabis products and related damages.
Compliance Navigation: Staying Ahead of Regulations
Operating a cannabis grow facility comes with complex and ever-evolving regulations and protection needs. Our specialized insurance programs help you stay compliant with state and local laws, ensuring your business is protected while meeting industry standards.
Ready to Get Started?
Whether you’re looking for a quick estimate or ready for a more detailed quote, we’re here to help you find the best coverage for your business. Choose the option that works best for you:
Insurance Cost Estimator for Cultivators
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If you’ve completed the estimator, you’ve already provided most of the information needed to get an exact quote. Take the next step and speak with a team member to refine the numbers.
The Latest in Cannabis News
Before purchasing insurance for your business, there are several factors you should consider. Feeling overwhelmed? We’ve got you covered. Get the essential information in our insurance blog.
What Are “Gram Shop” Laws in Michigan?
Public Act 55 of 2021 was approved by the governor and filed with the Secretary of State on July 13, 2021. Director Andrew Brisbo of the Michigan Marijuana Regulatory Agency (MRA) communicated details of this amendment to the Michigan Regulation and Taxation of Marijuana Act (MRTMA) in the Advisory Bulletin found here. This amendment adds
8 Reasons Why Your Cannabis Business Needs Cyber Insurance
So, you most likely are wondering now “Why does my cannabis business even need cyber liability policy?” Great question! In short, small and medium-sized businesses are vulnerable targets and statistics show they have become the global favorite for cyber criminals. The odds of a cyber breach against a business are continuing
Tips for Finding the Right Cannabis Business Insurance
It is no secret that the cannabis industry is booming! The United States legal cannabis market is projected to double in size to $41.5 billion by 2025 according to a recent New Frontier Data report. Only four states have no laws relating to legal marijuana use — Idaho, Kansas, Nebraska and South