Insurance by coverage

Cannabis crop and stock insurance

Living plants, harvested material, work in process, and finished stock are different exposures. A crop and stock review should identify the location, ownership, stage, valuation basis, environmental controls, and potential interruption affecting each category.

Coverage and availability depend on the account, state, insurer and underwriting review. General information and nonbinding indications do not bind insurance; the applicable binder, policy, endorsements and law govern coverage.

Important insurance information

This guide is general information and does not determine coverage or legal requirements for your business. Policy terms, exclusions, conditions and available options vary. Contact the appropriate licensed insurance representative about your account, request confirmation of any coverage placed, and review the applicable insurance documents. An application, inquiry or nonbinding indication does not by itself bind or change insurance.

On this page 5 sections

Separate values by stage and location

Show plants, harvested material, work in process, finished products, packaging, and any property of others separately. Explain how values are calculated and how they change through a growing or production cycle.

Connect stock values to environmental controls

Describe lighting, irrigation, heating, cooling, ventilation, power, alarms, backup systems, maintenance, security, and response procedures. Identify which failures could affect more than one room or stage.

Crop and stock questions to resolve

  • How are plant and stock values calculated at each stage and location?
  • Which utility or environmental-control failure could damage the largest concentration of value?
  • Who owns material at each stage, including customer, supplier, or consigned property?

What CARMA wants the submission to explain

These details help the team understand the account and identify the next useful question. They do not establish eligibility or available terms.

  • Separate living plants, harvested material, work in process, finished stock, and property belonging to others.
  • Show values by stage, location, ownership, valuation method, reporting method, and seasonal peak.
  • Explain environmental controls, backup power, water, alarms, security, testing, and inventory records.

Records for a crop and stock review

  • Values by location, ownership, product or plant stage, and valuation method
  • Environmental-control, utility, alarm, backup, maintenance, and security information
  • Production cycle, storage, loss history, and business interruption details

Can CARMA consider this account?

CARMA confirms program fit, licensing, state availability, coverage options, and market interest for each account. This guide does not promise eligibility, terms, pricing, or placement.

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Account-specific review

Bring CARMA the account.

Retail agents, wholesale brokers, and business owners can start with the details they have.