Marijuana Dispensary & Cannabis Industry Insurance Solutions
Commercial Insurance for Medical Marijuana Dispensaries
Kerr Insurance Brokers specializes in a broad range of commercial insurance for regulated, high risk and alternative complex industries. In fact, we have been sought after by many cannabis leaders, publicly traded cannabis companies and dispensaries for our services. Let us help you protect your medical cannabis business, the right way.
A Word of Caution
Do not let any insurance broker sell you business insurance. If an agent is calling your dispensary or consulting business and promising the best price and a great sales pitch, BE CAREFUL! In the MMJ business, it is not all about price. You need a real advisor and an loss control team who will be there for you through good times and bad.
Since congress and some states legalized medical marijuana there has been an uptick in cannabis vendors and insurance agents almost overnight. They are branding their websites with new DBA's to approach the cannabis industry. This can cause confusion. So, please do your diligence. Always look at the bottom of their websites and it will tell you who they are and there is usually a link to their general insurance website. Also, look them up on your state department of insurance website and you can learn all about them.
We are not one of those insurance firms and we stand behind our brand. Rather than branding a front website as "cannabis experts", we are risk management experts with over a decade of experience. We have successfully procured and managed risk for over 500 high risk clients throughout the US, many of them in the cannabis sector. Our company remains true to our professional values because we are staffed with finance professionals, asset managers, risk management professionals, insurance brokers, an R&D division and support staff.
Commercial Cannabis Sectors We Serve
- Hydroponic Stores
- Testing Labs
- Glass Blowers
- Tobacco Shops & Head Shops
- Smoking Device (e-cigarettes, vaporizers) manufacturers
Marijuana Industry Sectors We Serve
- Cannabis Infused Product Manufacturers
- Marijuana Dispensaries
- Marijuana Events and Conventions
- Marijuana Growers (Crop Insurance)
- Marijuana Landlords
- Medical Marijuana Physicians
Our Commercial Cannabis & Dispensary Insurance Programs
Kerr Insurance offers medical marijuana insurance specifically for the cannabis industry. From extraction, distribution, marijuana cultivation to the dispensary; we can protect you.
- Third Party Administration for carriers and aggregators.
- Municipality and government bids and projects.
- Venture capital firms requiring high level insurance support.
- Commercial property insurance
- Commercial general liability
- Business owner's policy (BOP)
- Inland marine insurance
- Commercial auto insurance
- Commercial umbrella insurance
- Professional liability
- Workers compensation
- Crime insurance
- Employee Benefits
- Business Retirement Plan Services
- Fee Based Financial Planning
- Investment Services - see our financial advsiory division - Blosser Harrison Wealth Management
Cannabis Insurance Product Highlights
- Mono-line and Package coverages.
- Medicinal & Recreational Operations.
- Hired and Non-Owned Auto.
- $15 Million in Property Limits.
- $10 million in Crop Limits.
- $ 5 million in general liability
- A+ "superior" AmBest Rated.
- Exclusive credits & coverages.
- Additional Insured / Primary Wording / Waivers of Subrogation are available.
- Employee Benefit Planning, including Group Health & Retirement Planning is available.
What We Believe
Medical marijuana industry leaders need to be responsible, compliant, profitable, and politically-engaged, all while conforming to mainstream business practices and federal and state cannabis regulations.
We strongly believe quality cannabis insurance and a solid risk management strategy will be the single greatest asset for all cannabis and medical marijuana business owners. The rise of theft, government seizures, rapidly changing laws and probability of fires at marijuana extraction plants are all valid reasons for proper cannabis insurance.
Lastly, don't let just anyone insure your cannabis business. With deep industry experience in all aspects of commercial insurance, product liability and high level risk management, Kerr Insurance Brokers offers an unparalleled level of commercial insurance expertise.
If you are considering investing or building a business in the cannabis sector, now is a vital time to build the relationships that will give you the knowledge, protection and confidence to make the right business decisions. You will not find a more concentrated group of industry leaders and professionals who are dedicated to protecting and insuring your commercial cannabis business.
Is Cannabis Business Insurance Expensive?
The answer is no. In fact, when you consider the net revenues and profit margins of many cannabis businesses, they are very high. Commercial cannabis insurance can be as little as 1% of your business revenues and can provide coverage of up to $10-$15 million dollars, which in many cases is worth more than many cannabis businesses generate in a single year. At, Kerr Insurance our Cannabis insurance advisors work with dozens of insurance companies and hundreds more who can collectively provide the right cannabis insurance for you.
Cannabis and Medical Marijuana Consulting
Cannabis Business Consulting and Training Services - We are partnered up with national consultants and publicly traded consulting and MMJ research firms who specialize in assisting new and existing dispenceries operate, profit and offer state of the art products. Our consulting partners have been involved in the medical cannabis industry throughout California, Colorado during the infancy stages of legalization in the early 2000's. Through our consulting partners you are sure to find a partner in your business who has your best interest in mind.