With so many insurance agents claiming to be “cannabis specialists,” how do you know if you’re working with someone who truly understands your business and its unique risks?
Here’s what to look for:
Industry Commitment:
- Is your insurance partner genuinely invested in the cannabis industry?
- Do they advocate for its growth and understand the specific challenges cannabis businesses face?
Relevant Experience:
- Have they been working with cannabis businesses like yours for years?
- Long-term experience can make a big difference when it comes to understanding the ins and outs of the industry.
Tailored Protection for Cannabis Businesses:
- Some insurance agents might bring a wealth of experience in general insurance but may not fully understand the unique needs of cannabis businesses.
- Look for someone who has worked with a range of businesses in the cannabis supply chain—this is what builds true expertise.
The Spire Approach
At Spire, we believe a great insurance partner should offer:
- Knowledge and Experience – Cannabis is a newer industry, and it’s constantly changing. Having a partner who stays up-to-date on market trends, risk factors, and coverage options means you’ll get the right protection at the right price.
- Access to Multiple Insurance Options – More options mean more ways to find a policy that’s a good fit for your business
Why Our Approach is Different:
Some agents may offer “free policy reviews” or make big promises about saving you money. But often, these free reviews can actually lead to hidden costs or new issues to manage. Instead, we focus on giving you a complete solution with our Spire Focus360, which provides tools and guidance beyond just an insurance policy. We find this approach helps our clients, especially when budgets are tight, and large expenses aren’t ideal.
Our focus is to bring you:
- Hands-on Experience in the Cannabis Supply Chain: True expertise comes from real-world experience—not just degrees or certifications.
- Customized Solutions: Every cannabis business is different. What works for one company might not work for another. We tailor our approach to meet your unique needs, so you get coverage that fits.
While we avoid calling ourselves “specialists” (to stay cautious about legal liability), we’re deeply committed to supporting cannabis businesses with reliable and thoughtful insurance solutions. Our belief is that knowledge is power. That means leveraging the “classwork” to successfully complete designations such as the Cannabis Insurance Coverage Specialist (CICS) and Certified Insurance Counselor. But also working with individual businesses on their unique exposures, one case at a time. As agents, we also rely on our cannabis insurance partners including those mentioned in this blog, Who Are the Best Cannabis Insurers in Michigan.
Ready to Protect Your Cannabis Business?
Finding the right insurance partner is about more than just policies—it’s about peace of mind. If you’re ready to work with someone who understands the unique challenges of the cannabis industry and can help you navigate them confidently, we’re here to help.
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