
Insuring cannabis clinical trials – a how to guide
Risk goes hand-in-hand with growth potential. Cannabis operations, including cannabis clinical trials, require specialized coverage. And because the cannabis industry is so new and products are subject to specific regulations, insuring a clinical trial requires expert guidance. Not every insurance company is open to cannabis exposures and even the ones that are are concerned about:
- High potential for fire and inventory spoilage
- Misinterpretation of Canadian cannabis laws and regulations
- Costly inventory and high exposure to business interruption risks and more…
This is why talking to an insurance broker who specifically understands the Canadian cannabis insurance market is so important. ALIGNED brokers know how to place cannabis risks and are experts in navigating coverage options in today’s marketplace.

Get a free quote for your cannabis business ALIGNED now!
What insurers want to know before insuring a cannabis clinical trial
Only a select group of insurance companies in Canada will insure cannabis-related risks. When they do, they want to know:
- The details of the clinical trial protocol documentation
- Information about all informed consents
- The business experience of organizations
- Relationships between all involved parties (as applicable)
ALIGNED brokers work with cannabis clients across Canada and know what risks concern insurers the most. Working with directly with you, they will help get the best coverage options aligned for your clinical trial.
Related Matters: CCIC: Educational resources: lower risk cannabis use guidelines, Health Canada documents, Canadian Cannabis Survey 2018 and more
CCIC – Canadian Consortium for the Investigation of Cannabinoids
Cannabis industry – key coverage explainers
Insuring any company that does business in the cannabis field isn’t 100% straight-forward. Here’s some info about the specific risks and exposures cannabis companies should be aware of when buying or renewing coverage:
- Accessory companies
- Edibles company coverage
- Growers insurance
- Health products
- Landlord insurance
- Retail insurance
- Various cannabis company industry coverage
Growth potential and risk can both be managed. Talk to us about how to get your cannabis clinical trials and other operations the best coverage options.

Call us toll-free now at 1-866-287-0448
We’re here to help you find the BEST commercial insurance…
Our team of insurance brokers is available to help answer any and all questions you might have about all of our commercial insurance products. If you have a question about business insurance, are uncertain about what a particular insurance coverage term means, or simply want to find commercial insurance that directly aligns with your needs, don’t hesitate to call us toll-free at 1-866-287-0448.
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!
We’re ALIGNED across Canada. The ALIGNED Insurance National Operations Centre in Cambridge, Ontario supports our Toronto, Calgary and Vancouver offices. Our industry peers consistently recognize us as one of Canada’s best insurance teams. 100% Canadian owned, we are super proud to be one of the fastest growing insurance brokerages in the country.
We deliver e-news you can use. Get practical business insurance insights in your inbox every month. 19,000+ people subscribe to our free ALIGNMENT Matters e-news. Just click the JOIN OUR DISTRIBUTION LIST button – at the bottom of our homepage – to get connected.
365 | Get ALIGNED. Every day, Canadian business leaders read our insurance insights. Find us on LinkedIn, Twitter, Facebook, Instagram, LinkedIn and YouTube.