WELCOME TO PROFESSIONAL PROGRAM INSURANCE BROKERAGE

Division of SPG Insurance Solutions, LLC
Professional Program Insurance Brokers

INSURANCE FOR CANNABIS, CBD & HEMP BUSINESSES

Tattoo Insurance

CANNABIS

For over 10 years PPIB has been working with the cannabis industry through knowledgeable brokers. Our cannabis team works with brokers to help them understand our appetite and how to effectively submit business into our fast growing program.

Body Piercing Insurance

CBD & HEMP

This is an exciting new category of nationwide business. PPIB has successfully jumped into this marketplace and can help brokers understand this rapidly growing industry.

OPERATIONS THAT CAN BE COVERED

  • Dispensary / Retailer
  • Indoor, Greenhouse, and Outdoor Cultivation
  • Processing / Packaging
  • Manufacturing and Extractions
  • Distribution and Delivery
  • Lab, Schools, Consultants
  • Wholesalers
  • Warehouse / Storage
  • Cannabis Cultivation Contractor
  • Cannabis Harvest / Trim Contractor
  • Lessor's Risk Only

COVERAGES AVAILABLE NATIONWIDE

  • General Liability
  • Property
  • Products Liability
  • Bailees
OPTIONAL COVERAGES
  • Hired / Non-Owned Auto
  • Stop Gap
  • Employee Benefits Liability
  • Property Extension
  • Property off Premises
  • Inland Marine
  • Ordinance or Law
  • Equipment Breakdown
  • Contingent BI

OTHER INFORMATION

The Cannabis Industry has grown substantially since Washington State and Colorado legalized it for Adult use in 2012. Overall sales within the legalized U.S cannabis industry were at about $3.5 billion in 2014. It is expected to grow to $17 billion in 2020 and to $30 billion by 2025. Thirty-three states have legalized cannabis for medical use, 10 of which allow Adults over 21 years of age to legally purchase at retail stores for recreational purposes. In 2019, Hemp became federally legal which opened up many more opportunities in nearly all states. The Cannabis/Hemp Industry includes Cultivation, Distribution, Manufacturing, Extraction, Laboratories, Retail Stores & Dispensaries, and ancillary businesses from landlords, consultants and Trim/Harvest independent contractors. For the past 10 years, PPIB has built strong relationships with insurance carriers who specialize in the cannabis and hemp space. Our Underwriting staff has grown with the industry and has experience with all the different needs an Insured can have.

We can help you with Commercial General Liability, Property, Finished Stock, Harvested Material and Living Plant, Care, Custody and Control coverage for Distributors transporting third party goods, Equipment Breakdown, Product Liability needs. We work closely with our carriers to continue to grow our offerings to meet the ever-changing needs.



Broker Overview