While busy turning blueprints into buildings, the last thing your client wants to worry about is making sure the property is insured properly. Receive a tailored policy unique to their project to protect contractors and owners against property losses with Cannasure Insurance Services.
The target classes and typical risks we focus on for this program are:
- Dispensaries
- Cultivators
- Processors/ Manufacturers
- Ancillary Businesses
- Landlords/ LROs
- Testing Laboratories
The available coverages of this program include:
- Contract Damages
- Crime Reward
- Debris Removal
- Expediting and Extra Expense
- Loss Data Preparation
- Plans and Records
- Pollutant Clean Up and Removal
- Project Escalation and Change Order
- Removal Expenses
- Sewer Backup
- Temporary Structures/Project Trailers
- Flood and Earthquake
- Soft Costs
- Equipment Breakdown
The highlighted features of this exclusive program include:
- Broader definitions of covered property
- Ability to cover usable existing structures as part of renovation projects
- Broad additional insured/waiver of subrogation
- Multiple valuation options for new work and existing structures
- Broadened causes of loss that trigger optional Time Element coverage
- Broad definitions for optional Flood, Earthquake, and Earth Movement
- $5,000 Minimum Premium
- $5,000 Minimum Premium
- Limits:
- New Construction & Renovations:
- Wood Frame: $5M on amount subject basis
- Joisted Masonry: $10M
- Non-Combustible: $25M +Masonry
- Non-Combustible, Modified Fire Resistive, Fire Resistive: Up to $25M
- “Prior starts” OK – carrier is flexible is the project has begun as long as adequate security measures are in place
- UW appetite includes Coastal Exposure and/or higher Protection Class projects Note: Coastal Exposure will be capped at $5M regardless of construction type
The submission requierments of this exclusive program include:
- Cannabis & Hemp Specialty Application: Builder’s Risk Large Application, Ground-up Construction Application, or Renovations and Vacant Risks Application
- Construction Project Details/Contract
- Loss Runs
Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.