CannaPAK - Coverages

Coverages

Eligible Operations

CannaPAK currently covers single-location operations which only engage in one type of business activity. We have plans to grow quickly and expand our platform to cover multi-location and multi-operation risks, but we cannot quote those submissions at this time.

CannaPAK does not target the following risks:

Located on tribal lands
Employed licensed professionals
On-site cannabis consumption
Transportation across state lines
Residential delivery
Outdoor growing operations

Single Location & Operation Risks

Single-location dispensaries with projected sales below $10,000,000
Single-location growers with indoor grow areas up to 20,000 square feet
Larger or more complex risks may require referral our carrier partner or may be ineligible at this time
Target premiums:
Minimum premiums as low as $750 for general liability
Estimated average premiums between $2,500 and $5,000
Premiums above $10,000 are likely to be referred to underwriting

Coverages

Our typical policy offers the following:

ISO-based forms
Proprietary forms tailored to cannabis businesses
Additional Insured, Primary and Non-Contributory, and scheduled Waiver of Subrogration terms available
Loss Payable terms available
All coverages are insured by United National Insurance Company (Non-Admitted)

General Liability

$1M/$2M limits available
ISO Occurrence Form (CG 00 01 04 13)
Coverage available for qualifying risks:
Assault or Battery
Cyber Liability
Hired / Non-Owned Auto Liability
Employee Benefits Liability
Stop Gap Employers Liability Coverage
Products / Completed Operations coverage is excluded but may be written separately

Property

Up to $2M TIV
Cause of Loss options up to Special incl. Theft
Coverage available for qualifying risks:
Business Income (incl. Extra Expense)
Equipment Breakdown
Property in Transit
Tenant's Glass
Scheduled plant values
Can be packaged with General Liability but not offered on a monoline basis

Products Liability

$1M/$2M limits available
ISO Claims Made Form (CG 00 38 04 13)
May be covered in a separate policy but not offered on an unsupported basis without a general liability policy placed by CannaPAK

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