Cannabis Business Insurance

At OVD, our tailored coverage solutions safeguard your investment against the unique risks of the cannabis industry. From manufacturing to cultivation and retail, we offer comprehensive policies that adapt to the ever-changing regulatory landscape. With OVD, you’ll benefit from our deep industry knowledge, responsive service, and commitment to your success. Don’t let uncertainty cloud your future – secure your cannabis venture with OVD Insurance and grow with confidence.

Our Cannabis Insurance Expertise

01

Comprehensive Risk Assessment

Thorough evaluation of your cannabis operations to identify exposures and develop a customized plan to mitigate risk.

02

Regulatory Compliance

With up-to-date knowledge of state and federal laws, we ensure your coverage meets all legal requirements while assisting with licensing and compliance documentation.

03

Ongoing Advisory Services

We provide regular policy reviews and updates, proactive risk management consultations, and insights into industry trends to enhance your coverage and minimize risks.

Why Choose OVD Insurance for Your Cannabis Business?

Operational Excellence

  • Industry-leading processing times for cannabis policy quotes and claims
  • Streamlined compliance documentation system tailored to state-specific regulations
  • Automated risk assessment protocols for rapid policy customization
  • Standardized quality control measures across all cannabis verticals

Customer Intimacy

  • Dedicated cannabis risk specialists assigned to each account
  • 24/7 claims support for harvest, processing, and retail emergencies
  • Customized coverage based on your growth stage: cultivation, processing, retail, or vertical integration
  • Regular compliance audits and risk mitigation consulting

Product Leadership

  • First-to-market coverage for emerging cannabis technologies and methods
  • Innovative policy structures for multi-state operators
  • Industry-specific endorsements for extractors and manufacturers
  • Specialized coverage for cannabis testing labs and R&D facilities

Cannabis Insurance with OVD Insurance

At OVD Insurance, we’re more than just a cannabis insurance provider – we’re your partner in navigating the complex landscape of cannabis business insurance. Let us help you protect your investment, mitigate risks, and focus on growing your cannabis business with confidence.

Ready to secure your cannabis business with expert insurance solutions? Contact OVD Insurance today for a personalized consultation and quote.

I have been a customer over 30 years. Your service and pricing has always been as expected and better. Thanks.

FAQS

How is business income coverage evaluated at the time of a loss?

Coverage starts after 72-hour waiting period and extends 12 months post-incident. Claims require documented revenue proof through tax returns, banking records, and point-of-sale data. Monthly P&Ls must show historical income and reduced expenses during shutdown. Most policies exclude government actions but separate civil authority coverage available.

How do warranties from the insurance company impact my policies?

All warranties must be strictly followed for coverage to apply. Vault rooms require specific construction: reinforced concrete walls/ceiling, steel-plated door with UL-rated lock system, monitored alarm system with cellular backup. Security systems need 24/7 recording with 90-day retention. Employee background checks and training logs mandatory. Temperature/humidity monitoring systems required with automated alerts. Inventory tracking must show chain of custody from seed-to-sale. Testing equipment requires regular calibration with documented maintenance.

Connect with OVD Today

To learn more about how OVD can help ensure coverage for your cannabis company, do not hesitate to give us a call today.