Enhancing Your Cannabis Business Property Insurance: What You Need to Know
19 June 2025

See How We're Different

Get a Quote

or call us: 425-320-4280

As the cannabis industry continues to flourish in states like Washington, Oregon, and California, business owners face unique challenges, particularly when it comes to protecting their assets. With the rise stolen vehicles used in smash-and-grab crimes targeting cannabis shops, ensuring that your property insurance is comprehensive and tailored to your specific needs is more important than ever.

Understanding the Risks

Cannabis businesses are increasingly becoming targets for criminals due to the high value of their products and the cash-heavy nature of the industry. Smash-and-grab crimes, where perpetrators use a stolen vehicle to crash into a property to quickly steal goods, are on the rise. This trend underscores the necessity for cannabis business owners to have robust property insurance that can adequately cover potential losses.

The Importance of Property Enhancement Endorsements

Standard property insurance policies may not fully cover the unique risks associated with cannabis businesses. This is where property enhancement endorsements come into play. These endorsements can be added to your existing property insurance policy to provide additional coverage specifically designed for cannabis-related claims.

Key Endorsements to Consider

  1. Theft Coverage: Given the rise in smash-and-grab incidents, enhancing your policy with theft coverage is crucial. This endorsement can help cover the loss of cannabis products and other valuable items stolen during a break-in.

  2. Cash Coverage: Many cannabis businesses operate with significant amounts of cash due to banking restrictions. Ensuring that your policy includes cash coverage can protect you from financial loss in the event of a theft.

  3. Vandalism Coverage: Damage to property during a break-in can be extensive. Vandalism coverage can help cover the costs of repairs, ensuring that your business can quickly return to normal operations.

  4. Product-Specific Coverage: Cannabis products can be particularly valuable, and standard policies may not cover their full replacement cost. Product-specific endorsements can ensure that your inventory is adequately protected.

Taking Action

As a cannabis business owner, it’s essential to regularly review your insurance coverage to ensure it meets your current needs. With the ever-evolving landscape of cannabis regulations and the increasing risks of crime, staying informed and proactive is key.

Reach out to your insurance agent today to discuss your current policy and explore the possibility of adding property enhancement endorsements. By doing so, you can safeguard your business against the growing threat of smash-and-grab crimes and ensure that your valuable assets are protected.

For more information on how to enhance your cannabis business property insurance, contact our agency. We’re here to help you navigate the complexities of insurance and provide the peace of mind you deserve.