From cultivators and processors to dispensaries and delivery operations, cannabis businesses face a complex web of risks. At Pelican Shield Insurance Group, we offer tailored insurance solutions for cannabis-related operations in Florida and Virginia, helping business owners address property exposures, liability risks, and regulatory concerns.
Coverage That Grows With You
The cannabis industry is evolving—and so are its risks. From crop loss and equipment failure to theft or liability claims, a single incident could significantly impact your bottom line or compliance status.
At Pelican Shield Insurance Group, we work with licensed cannabis operators, including growers, labs, dispensaries, and ancillary service providers, to help secure insurance options that reflect the realities of your business in Florida and Virginia. Our approach supports compliance and risk management in this heavily regulated space.
Essential Insurance for Cannabis Businesses
Businesses in the cannabis space often have overlapping needs—from agricultural and retail risks to tech and transportation exposures. The right combination of coverage helps manage them all.
- General Liability Insurance: Protects against customer or vendor injuries, property damage, and lawsuits that may occur on your premises or as a result of your operations.
- Product Liability Insurance: Covers claims if a consumer alleges that one of your cannabis products caused harm, illness, or adverse reactions—critical for retailers and manufacturers.
- Commercial Property Insurance: Helps pay for damage to buildings, equipment, grow rooms, and inventory due to covered events like fire, theft, or vandalism.
- Crop & Inventory Insurance: Covers cannabis plants, finished goods, and harvested materials from loss or damage due to covered perils.
- Equipment Breakdown Insurance: Helps cover repair or replacement costs for high-value systems like lighting, HVAC, and extraction equipment after mechanical failure.
- Cyber Liability Insurance: Protects against data breaches and cyberattacks—especially important for dispensaries managing customer data and online transactions.
Why Cannabis Operators Choose Pelican Shield Insurance Group
- Options for Licensed Operators: We work with insurance providers who are open to working in the cannabis space—helping you explore what’s available for your operation type and size.
- Flexible Solutions for Multi-State Risks: Operating in both Florida and Virginia? We understand how to address varying state regulations while supporting continuity and compliance across your locations.
- Coverage Built for High-Value Equipment & Inventory: We help you consider policies that reflect the true value of your buildout, product storage, and finished stock—so you’re not underinsured when something goes wrong.
Cannabis Businesses Insurance FAQs
Insurance is not always legally required, but in both states, it’s often necessary for licensing, banking, leasing, or vendor agreements. Landlords and partners may also request proof of insurance before doing business with your operation.
Coverage is recommended for cultivators, processors, manufacturers, dispensaries, delivery services, and even consultants or equipment suppliers. Each type of operation has different exposures to consider.
Traditional crop insurance doesn’t apply to cannabis, but some policies may offer specialized coverage for indoor grows, greenhouses, and harvested stock. Coverage depends on the insurer and operation type.
It may help cover claims involving adverse health effects, contamination, labeling issues, or alleged defects in edibles, tinctures, or flower. For retailers and manufacturers, this is a crucial layer of protection.
Yes, depending on the provider. With more dispensaries using POS systems, customer databases, and online ordering, cyber liability coverage is increasingly relevant to protect against data theft or digital breaches.
