What Is Crop Insurance?

Crop Insurance is property insurance that covers raw stock, stock in process, and finished products/inventory of the insured while stored, in process, or in transit to the end customer.

Why does the Cannabis Industry need Crop Insurance?

  • Combined Coverage: Combines the risks of Storing, Processing, Packaging and Transporting Stock/Inventory coverage into one cover form, providing protection seamlessly, from seed to sale.
  • Selling Price Valuation: Valuing Stock/Inventory at the Selling Price enables the insured to be indemnified for the time lost at each point of processing. This coverage would include the Business Interruption for the time it took to process the product all the way up to the point loss was sustained.
  • Simplified Claims Processing: No more consulting multiple carriers in the case of a loss to the insureds inventory. No matter where the loss occurs, you call one place to handle all of your questions.
  • "All Risks" Basis: Our Stock Throughput Insurance is written on an “All Risks” basis, subject to several standard Institute Marine Cargo Clauses being used by all trading/commodities sectors throughout the US and the World.

Coverage included in our perils form that are NOT common to standard forms:

  • Earthquake
  • Windstorm
  • Flood
  • Comingling: Comingling of Seed/Product.
  • Product in Process: Breakdown and/or faulty operation and/or malfunction of the illumination, heating, refrigeration or cooling equipment and/or any other processing machinery, lab equipment.
  •  Loading/Unloading: Including the risks of loading prior to and unloading after arrival.
  • Blending/Alteration/Concentration: Errors in blending and /or dilution and/or alteration of insured product.
  • Theft Limits: Increased Theft Limits in Excess of $50,000.
  • Product Recall: In the event you must recall finished product and re-purpose or destroy.



  • Transits/Conveyance: Covered while in transit to/from all destinations within assigned. Covered while in storage awaiting processing and/or final sale.
  • Atmospheric Conditions:           Unintended and harmful atmospheric conditions including temperature, illumination, humidity, CO2 and O2 levels.
  • Chemical Damage: Unintended damage by chemicals which are applied after the product has been harvested.
  • Contamination: In the event of bulk shipping container(s) having been tampered with in any way or any shipping container being delivered with broken or missing seals the goods may be contaminated or adulterated and as such will not deny a claim purely on the grounds that the Assured is unable to obtain evidence of such contamination or adulteration.