Insurance Provider Resource Guide
It appears that some of the delays associated with COVID-19 have caused some changes in the timing and need to bind policies related to our Association Insurance Program and program carrier. While the possibility of working with extremely competent and qualified brokers has not changed, it appears some of the program points as originally communicated are evolving. We encourage our members to reach out to their brokers to better understand what impact the changes may have on their policies, estimates, and coverages. Our association brokers may still engage AMWINS to understand what is available currently and if any additional or expanded program points are forthcoming. For our members, all the brokers represented below can still ensure any policies and coverages meet or exceed the Missouri medical cannabis application requirements and beyond.
When Working WIth Your Insurance Provider, Be Sure To Discuss The Following:
- Coverage compliance with Missouri Medical Cannabis Program Application Requirements
- Policies are specifically and explicitly designed for Cultivators, Manufacturers, Testing Labs, Dispensaries and Transporters.
- Applicability and exploration of all available policies including Professional Liability, Directors & Officers Liability, Employment Practices Liability, Business Income and Cannabis Property coverage including Crop, Finished Stock and Inventory.
- Pay close attention to the list of exclusions and conditions, which can often be removed or amended. Examples as follows:
- Cannabis & Cannabis Impairment
- Foreign Products (vape batteries)
- Health Hazard
- Assault & Battery
- Employed & Contracted Security (armed and unarmed)
- Risk Management practices such as internal policies & procedures implemented to mitigate risk in addition to and in coordination of purchased insurance policies.
- Pay close attention to Liability and Property Limits. Capacity can be limited with some insurers but often negotiated with the appropriate proof of insurability.
Contact one of the MoCannTrade members below to discuss coverages for your MMJ business:
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Hempstead InsuranceRisk Mangement is a process, not a product. It’s a mindset that starts at the top and has to be practiced day in and day out throughout an organization. Our goal is to give you the framework, tools, and support to ensure the success of your risk management programs. By controlling risk on the front end, we aim to reduce the Total Cost of Risk your organization experiences over time. We focus on identifying the specific risks your organization faces, managing your exposure through a variety of risk treatment techniques, monitoring results, and adapting where necessary. |
Contact: David Layton (636) 537-5080 |
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Powers Insurance & Risk ManagementWe have partnered with some of the most specialized insurance companies in the country to help craft policies that are tailored to properly protect businesses in the cannabis industry. As an emerging risk in the state, we are ready to assist with offering our risk management strategies to these business owners -- most of whom will experience rapid changes in their business over the next few years. Because marijuana is still federally illegal, many mass-market carriers are avoiding offering coverage. In today's environment, a cannabis business most likely won't find all of these coverage options available with one insurance company. This is why it's important to work with a risk advisor who utilizes multiple carriers and actually understands the industry (so they can properly insure it for you). |
Contact: Chris Sullivan (314) 333-4915 |
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Bukaty InsuranceChoosing an insurance agency that understands your industry is a critical first step in developing a well-structured, effective insurance program. We are a full-service agency committed to protecting the financial security of the businesses and individuals we serve. We make it our mission to understand your business, objectives, and needs. Our team of dedicated insurance professionals are centered on very simple, but unwavering principles: Service, Knowledge, Integrity, Teamwork. We've grown to become one of the region's largest independently-owned insurance agencies by delivering our very best in everything we do for you. |
Contact: Tom Sorrentino (913) 777-7542
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Green Leaf InsuranceFrom that first client in 1987 to the hundreds of clients we serve today, we’ve dedicated our entire practice to focusing on the challenges businesses in the legal cannabis industry face when trying to get insurance coverage. Through extensive risk management assessments of some of the leading dispensaries, cultivation facilities, and infused product manufacturers, we’ve analyzed the unique risks facing the cannabis industry. At Green Leaf Insurance, we truly are experts in what we do. We understand the industry, our clients' needs, and the value of protection. We take pride in providing insurance options that are affordable, attainable, and most importantly, properly safeguard the businesses we serve. |
Contact: Jim Clodfelter (660) 744-5385 |
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Heffernan Insurance BrokersOperating a business in a rapidly evolving industry sector comes with unique operational structures and liabilities. Whether you’re propagating clones, cultivating flower, processing, manufacturing, distributing, or retailing cannabis products, your business faces legal risks every day. Heffernan Insurance Brokers has developed a focused cannabis-industry insurance that covers the full spectrum of cannabis production and retail operations. |
Contact: Tiffany B. Maggard (636) 489-0191 |
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HM Employee Benefits & Risk ManagementYour business may have competitors but your needs are unique. The insurance requirements of your industry vary from others so it’s critical to identify a broker with the knowledge to address those subtle but vital differences. HM recognizes the importance of having resources available to support the needs of our clients in the many specialty areas in which they are focused on. Our team assists clients in traditional industries, such as manufacturing and retail, as well as developing industries like alternative energy and Green-focused areas. |
Contact: Danny Stevens |
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IMAIMA is headquartered in Denver, CO with offices strategically located across the country in Dallas, Kansas City, San Francisco, Wichita, Pittsburgh, PA, and Portland, OR. We have been a witness to the booming cannabis and hemp industry for nearly a decade and have developed products and services that are targeted towards your industry. Our team has traveled the country touring vertically integrated operations to make sure we are on the cutting edge of the Cannabis industry. Due to our proximity to thought leaders, entrepreneurs and professional advisory firms, we have been able to keep our finger on the pulse of the industry and can anticipate your challenges and needs. At the same time, IMA is the 6th largest privately-held broker in the US, so we've been able to leverage our general insurance, risk management and risk financing expertise spanning over 50 years to apply it to the growing cannabis and hemp industry. An IMA Financial Group company, Eydent, is also at the forefront of developing cannabis-specific risk programs and insurance products via the wholly-owned Specialty Agriculture Insurance Company of Michigan. Whether you are a startup operation or a fully integrated operator, IMA's service model and expertise can help you focus on your business while we help you manage your risks. |
Contact: David Shepard (913) 982-3674
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Lakenan InsuranceGrowing and selling Cannabis are among the fastest-growing industries in the country—but the business is not without its risks. Aside from the developing legality of the industry, businesses selling cannabis face problems like properly growing crops, faulty equipment, and rapidly-changing regulations from state legislatures. As the owner of a cannabis business, you've decided to rise to and meet the challenge of owning a business in this industry. Whether this is your first time running a company or the latest in a series of ventures, you're one of the pioneers helping to decide the future of cannabis use in our nation. It's time to start protecting that investment. The laws on cannabis are changing rapidly, and because the federal government has not fully legalized the industry, complying with all current local regulations is important. Your willingness to follow the law is a critical part of demonstrating that the marijuana industry can be trusted, so don't hesitate to talk to a Lakenan Insurance agent about the best ways of meeting any new regulations. We'll work with you to find a policy that fits your needs—no matter how often the rules change. |
Contact: Andy Goldenberg (314) 627-9854 x3157 |
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Ollis/Akers/ArneyOllis/Akers/Arney’s insurance company partners are selected based on top ratings, specialized niches, and proven reliability and are continually evaluating and strengthening our relationships with these companies to ensure we are able to provide our clients the most appropriate placement and the best coverage for their risk. As a business owner, you have a million things on your mind. You're concerned about revenue, market perception, your future growth, and next year's budgets. Insurance isn’t at the top of your list. But maybe it should be. Our team of Risk Advisers at Ollis/Akers/Arney can help you create a plan to address your risk factors and protect your business. Can you really afford to push it to the backburner? |
Contact: Karen Shannon |
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SafeHerbSafeHerb provides seed to sale commercial insurance for the cannabis and hemp industry through a select network of independent agency partners nationwide. We’re dedicated to achieving the highest standards of compliance while protecting your business. We work in all facets of the cannabis and hemp industry including cultivators, manufacturers, transporters, laboratories, processors, wholesalers, dispensaries, and property owners. |
Contact: Eric Morrison (913) 708-3508 |