Cannabis Insurance

Exclusive Insurance Coverage For Your Cannabis Business

World Insurance covers every business along the cannabis industry supply chain - from growers to dispensaries to cannabis-adjacent businesses. We take the time to understand you and your business so you get the right coverage and the best protection.

The Industry's Only Full Complement of Products & Services

General & Products Liability

General Liability is broad form coverage protecting you from liability claims for bodily injury and property damage arising out of premises, operations, products, completed operations, advertising and personal injury liability.

Products Liability offers protection against financial loss arising out of the legal liability incurred by an insured because of injury or damage resulting from the use of a covered product. Insurance for your product as it departs your facility is vital for the long term success of your business.

Available coverage includes:

  • Bodily Injury & Property Damage Liability
  • Personal & Advertising Injury
  • Medical Payments
  • Products Completed Operations
  • Damage to Premises Rented to You
  • $1,000,000 Per Occurrence & $2,000,000 Aggregate Limits Available


Get a Free Quote!


Professional Liability

Professional Liability is a type of liability coverage designed to protect traditional professionals against liability incurred as a result of errors and omissions in performing their professional services.

Available coverage includes:

  • Coverage for Testing Labs
  • $1,000,000 to $5,000,000 Limits Available
  • Defense Costs

Cyber Liability

Cyber Liability is a type of insurance designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a liability and property losses from electronic activities, data breach and more.


Protect Your Business


Property Insurance

Property Insurance protects against your equipment, point of sale system, inventory (harvested property), property, and many other items you may have in your dispensary resulting from covered perils such as theft, fire, smoke, explosion, equipment breakdown, water damage, vandalism, hail, and wind.

Available coverage includes:

  • Coverage Limits to $30,000,000 Per Location
  • Real & Business Personal Property
  • Cannabis Inventory (finished product)
  • Crop Coverage
  • Business Income
  • Employee Dishonesty
  • Equipment Breakdown
  • Property in Transit
  • Property Off-Premises
  • Spoilage
  • Valuable Papers & Records
  • Outdoor Property (fencing, signs, trees, shrubs, plants)
  • Personal Effects of Others

Workers Compensation

Workers Compensation provides medical expenses, lost wages, and rehabilitation costs to employees who are injured or become ill "in the course and scope" of their job. It also pays for death benefits to families of employees if such an incident were to happen.

  • Minimum payroll of $75,000 & minimum premium of $5,000
  • No net rate requirement
  • Insured must have a state bank or credit union banking relation
  • New ventures are considered & underwritten on a case by case basis


Approved Classifications include:

  • Cultivators (indoor, outdoor and greenhouses)
  • Third Party Processors/Harvester
  • Manufacturers
  • Wholesale Distributors
  • Transporters
  • Processing Operations using CO2 or Butane Extraction
  • Retailers
  • Landlords - LRO


Make Sure You Have the Right Coverage


How to Get Coverage for Your Cannabis Business

For help finding the right insurance protection for your cannabis business, you should contact an independent insurance agent who's licensed in your state and specializes in this type of coverage. At World Insurance Associates, we are licensed in all 50 states and have a program specialized for all businesses along the cannabis industry supply chain.

We'd love to help you find the right coverage for your business.

To learn more, complete the form on this page, or contact Alex Borges, CLCS, at 732-380-0900 ext. 617 or

You can also reach out to Michael McClay at 845-230-3330 or


Meet Your Cannabis Insurance
Industry Experts

AlexBorges square

Alex Borges, CLCS

Mr. Borges joined World Insurance after several years at the Allwood Forlenza Agency. Since joining World Insurance, Alex has headed up the Cannabis/Hemp division, which is one of the newest and most exciting markets to appear in recent years. Alex understands the truly unique challenges that this industry faces and never shies away from taking an old-school, client-centric approach to all his clients.

Call Alex Borges today at 732-380-0900 ext. 617 or email


Michael McClay

Michael McClay

Michael McClay is an Account Executive with World Insurance Associates LLC, Brewster NY. A graduate of Marist College (Bachelors in Psychology/Computer Science), Michael has over 9 years of experience in human services, wireless technology and risk management for businesses, including 4 years of experience as a Medicaid Service Coordinator for various non for profits and with Verizon selling wireless data and communication solutions to small businesses. 

Michael’s contribution to World Insurance is focused on developing strong client relationships, maximizing risk management and insurance portfolios to ensure client assets are well protected at the most competitive rates available. Michael insurance industry specializations include data protection/cyber liability, non for profits and high risk industries. 

Call Michael McClay today at 845-279-5151 Ext. 324 or email

How Can We Help You?

If you want value with professional expertise, you've come to right place.

Let's Get Started!