Cannasure Insurance Services can write excess property on a monoline basis, over any A-rated cannabis and hemp insurance carrier/market. We can write in or out of the PML, buffer, and quota-shared layers. Our preferred appetite is an excess property offering half of the primary layer.
The available coverages of this program include:
- Follow Form Excess Property up to the Primary limit of Property coverage
- Excess Property includes Real Property (Building & TIB), Industry Property (Goods in Process, Finished Inventory, etc), Business Income and BPP
The target classes and typical risks we focus on for this program are:
- Dispensaries
- Cultivators
- Processors/ Manufacturers
- Ancillary Businesses
- Landlords/ LROs
- Testing Laboratories
The highlighted features of this exclusive program include:
- Ability to write Excess Property on a monoline basis, over any A-rated Cannabis Insurance carrier/market
- Preferred appetite is an Excess Property offering half of the Primary layer (For example, the Primary carrier has a $20M layer, therefore, Cannasure would offer $10M excess of the underlying $20M. We can offer up to the Primary limit (ie, $20M xs $20M), with the caveat that each opportunity will be reviewed on a case-by-case basis.)
- In no case will we offer higher limits than the Primary coverage as in that instance. Cannasure should be the Primary market due to our industry-leading $45M per location Property capabilities
- Full review of account & related accounts is required to confirm we do not have existing coverage at the same location. We are constrained to our $45M cap per location and cannot exceed our per location capacity
The submission requierments of this exclusive program include:
- Primary Property proposal that includes forms & pricing
- Submission used to produce the Primary Property proposal
- Loss Runs
- Lighting Supplemental Application (For cultivation only)
Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.