Insurance Provider Resource Guide
Missouri cannabis businesses encounter industry specific risks and challenges. We encourage our members to reach out to any of our member agents below to better understand their exposure to these risks and the coverages they may need to protect their businesses.
When Working WIth Your Insurance Provider, Be Sure To Discuss The Following:
- Coverage compliance with Missouri Cannabis Program Requirements
- Policies are specifically and explicitly designed for Cultivators, Manufacturers, Testing Labs, Dispensaries and Transporters.
- Applicability and exploration of all available policies including Professional Liability, Directors & Officers Liability, Employment Practices Liability, Business Income and Cannabis Property coverage including Crop, Finished Stock and Inventory.
- Pay close attention to the list of exclusions and conditions, which can often be removed or amended. Examples as follows:
- Cannabis & Cannabis Impairment
- Foreign Products (vape batteries)
- Health Hazard
- Assault & Battery
- Employed & Contracted Security (armed and unarmed)
- Risk Management practices such as internal policies & procedures implemented to mitigate risk in addition to and in coordination of purchased insurance policies.
- Pay close attention to Liability and Property Limits. Capacity can be limited with some insurers but often negotiated with the appropriate proof of insurability.
Contact one of the MoCannTrade members below to discuss coverages for your marijuana business:
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Powers Insurance & Risk Management*We have partnered with some of the most specialized insurance companies in the country to help craft policies that are tailored to properly protect businesses in the cannabis industry. As an emerging risk in the state, we are ready to assist with offering our risk management strategies to these business owners -- most of whom will experience rapid changes in their business over the next few years. Because marijuana is still federally illegal, many mass-market carriers are avoiding offering coverage. In today's environment, a cannabis business most likely won't find all of these coverage options available with one insurance company. This is why it's important to work with a risk advisor who utilizes multiple carriers and actually understands the industry (so they can properly insure it for you). *MOCANN PLATINUM MEMBER |
Contact: Chris Sullivan Risk Management Advisor (314) 333-4915 |
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Heffernan Insurance Brokers*Operating a business in a rapidly evolving industry sector comes with unique operational structures and liabilities. Whether you’re propagating clones, cultivating flower, processing, manufacturing, distributing, or retailing cannabis products, your business faces legal risks every day. Heffernan Insurance Brokers has developed a focused cannabis-industry insurance that covers the full spectrum of cannabis production and retail operations. *MOCANN PLATINUM MEMBER |
Contact: Tiffany B. Maggard Vice President (636) 489-0191 |
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Illinois Casualty CompanyICC was founded in Illinois in 1950 to provide insurance products and aggressive claims defense exclusively for the food and beverage industry. Our coverage options include liquor liability, property, general liability, umbrella, and workers' compensation. |
Contact: Annie Stontz (309) 793-1700 |
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Risk StrategiesRisk Strategies is one of the most innovative insurance brokers within the cannabis space. To be innovative, we have to own the pen to underwrite and roll out new forms for the industry. Risk Strategies is able to accomplish this task thanks to our in-house underwriting expertise and uniquely positioned wholly-owned subsidiaries. Risk Strategies owns One80 Intermediaries which has been bullish on cannabis since its inception. One80 has built out and exclusively manages multiple cannabis industry insurance coverages ranging from crop, property, product liability, along with management liability. In early 2021 One80 closed on an acquisition with Cannasure – since 2010 Cannasure has been the top Managing General Agent in the cannabis space bringing traditional, and affordable insurance solutions to licensed cannabis operators. |
Contact: Matt Kaminsky Producer (816) 805-3828 |
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The Liberty Company Insurance BrokersAt Liberty, we believe in going above and beyond to put your mind at ease. Our experienced team intimately understands the emerging cannabis industry and its unique risks. We offer customized insurance policies tailored to your specific needs across the supply chain from pre-license build-out stage to fully operational. With innovative coverage and exceptional service from cannabis experts. We are your trusted advisors in an ongoing evolving landscape. |
Contact: TJ O'Connor (816) 686-1775 |
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Benefits Under DesignNewly licensed applicants and established businesses need an employee benefit plan that will help them achieve multiple goals at once. In the rapidly changing landscape of the cannabis industry, both newly licensed applicants and established businesses need an employee benefit plan that will help them achieve multiple goals at once. |
Contact: Emily Bremer (314) 710-6100 emily@benefitsunderdesign.com |