Despite its unique circumstances — including a constantly changing regulatory environment, financing roadblocks and a still-evolving liability landscape, the cannabis industry is growing rapidly.
To keep making the bold moves required to stay ahead in this emerging market, you need to be proactive in managing risk. We can help.
Our cannabis industry brokers and risk control specialists are among the first to offer both property cannabis insurance as well as casualty (liability) cannabis insurance in addition to risk consulting services tailored to your needs. With specialists and industry connections throughout the US, Kovalev Insurance is uniquely positioned to manage cross-border cannabis risks. We make sure you’re covered, so you can focus on maximizing growth and profit.
Our relationships with leading insurance carriers and wholesalers who specialize in the cannabis and hemp industry enable us to offer coverage to the following cannabis related sectors:
Cannabis insurance is available in all US states where medical and recreational cannabis is legal. Our dedicated brokers, claims advisors, risk services consultants and other specialists can advise you on a wide range of insurance and risk management questions.
Staying in compliance in order to maintain your license to operate, mitigating claims from customers who use your products, and transferring the financial risk of theft and crop loss are just a handful of the many issues cannabis related businesses face.
Conflicting state and federal laws/regulations concerning the treatment of cannabis and hemp products, and the reluctance of most major insurance carriers to get involved with the cannabis industry can present roadblocks in finding the right (and affordable) insurance policy. Most cannabis businesses are forced to purchase substandard and wildly expensive policies that may leave huge gaps in their coverage.
It takes too much hard work, capital, and sleepless nights to run your cannabis business smoothly to settle for a less-than-heady insurance program, which is why we strongly encourage you to look for a broker who has a program tailored for your industry. Working with a partner that has experience with the cannabis industry and in placing cannabis insurance ensures that they will be able to intelligently tailor an insurance program for your business.
Let’s work together to develop a tailored cannabis insurance and risk consulting solution to meet your needs. Contact Kovalev Insurance today and we’ll be happy to provide a tailored cannabis insurance solution for you and your business.