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Best Cannabis Company Retail Insurance In Canada? 

Best Cannabis Company Retail Insurance in Canada? - ALIGNED Insurance Brokers

ALIGNED Insurance Brokers Canada | Get the best cannabis company retail insurance

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If you’re thinking about opening a cannabis retail shop in Canada, you’re likely wondering: “How can I get the best cannabis company retail insurance in Canada?”. The first-to-the-gate potential of trailblazing as a cannabis retailer means that people across Canada are googling “Best cannabis company retail insurance in Canada?” If you are, we’ve rolled up some of our best cannabis insurance insights just for you below.

Related Matters: What you need to know about cannabis –

Legal cannabis opens the door to many high potential business ideas. That being said, it’s important to understand that from a commercial business insurance perspective, a retail cannabis company is not yet part of the standard insurance placement process.

As a result, only a limited group of insurance companies in Canada are presently willing to underwrite the unique and highly specific risks associated with the cannabis business.

Best Cannabis Company Retail Insurance in Canada? - ALIGNED Insurance Brokers

Want a quote for your cannabis company retail insurance?
Use our simple online form to get started now!

What’s needed to secure the best cannabis company retail insurance.

How to get started. Ready to get a quote for your cannabis organization?We are here to help. Complete this business interruption worksheet and a statement of values to get things rolling.

Please note that if your cannabis company also grows the product, you’ll also be asked to complete a marijuana growers insurance application.

DYK? These are some key risks for cannabis company retailers in Canada. 

Did you know that some of the most common risks that a cannabis company may encounter include:

Each one of our knowledgeable insurance brokers understands the risks that cannabis businesses face. And we have access to the new, yet limited cannabis insurance marketplace in Canada.

Need specifics about any of our commercial insurance products?
Call us toll-free now at 1-866-287-0448

Ready to get rolling? Tell us about your cannabis business.

First and foremost, the specific type of cannabis company you are insuring is important. Does your cannabis company fit within the types identified by the OSC – aka the Ontario Securities Commission? Here’s a short-list of examples:

  • Agriculture technology (automated fertilizer systems, greenhouse technologies & lighting systems)
  • Ancillary products & services (breathalyzers, laboratories, cultivators insurance, consumer packaging)
  • Biotechnology (pharmaceutical treatments for illnesses & diseases)
  • Consulting services (licensing, zoning, advising on operational processes)
  • Consumption devices
  • Cultivation & retail
  • Cannabis products & extracts (edibles, topicals, drinks & other products)
  • Holding companies
  • Industrial hemp (paper, clothing, building materials, fuel & foods)
  • Organic farms (B2B &/or B2C)2

Good to know. The type of your cannabis business matters.

Your cannabis company may be a bricks & mortar retail shop, online, or a combination of both. When insurance companies assess your potential risks, they will want to know the specific type of business you operate.

ALIGNED brokers understand the nuances of commercial insurance coverages and can help you make informed decisions about your business insurance options. Bookmark our insurance info blog to keep current with Canadian insurance insights.

Other Posts Related To Best Cannabis Company Retail Insurance In Canada

What you need to know about cannabis –
1,2 Investing in the cannabis industry – Ontario Securities Commission

It’s time to get insurance value and choice aligned. Want Canadian business insurance that aligns with your bottom line? We can help. 365. Call us toll-free at 1-866-287-0448 or click to Get a Quote!

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