Cannabis Insurance

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Cannabis Insurance for Businesses

Cannabis insurance provides specialized coverage to companies that operate in the cannabis industry including licensed producers, landlords, dispensaries, and affiliated companies. Traditionally, anything related to cannabis (operations, products etc.) is excluded from standard insurance policies. Cannabis insurance removes this exclusion, allowing you to insure and protect your cannabis operations like any other business.

FCA insurance is specialized in helping cannabis companies navigate the complexities of insurance in the cannabis industry since its legalization in Canada. Insurance companies have generally been slow to accept the risks associated with cannabis operations. FCA’s team understands what coverage you need, and which insurance companies are willing to help. We navigate the insurance industry, while you focus on growing your business.

3 Unique Coverages for Cannabis Insurance


  • Directors & Officers (D&O) Insurance

    Coverage that protects a company’s directors and officers in the event that legal actions are taken against them for professional work. This coverage is not easy to source due to the infancy on the industry but FCA has specialized markets who offer this.

  •  Product Recall Insurance

    This type of coverage is mandatory for licensed cannabis producers to carry, mandated by provincial governing bodies. While coverage requirements vary, it’s important to understand how they apply to you.

  • L302 Cannabis Excise Bonds

    Also known as a Cannabis Surety Bond, this is an excise tax bond that is required by the CRA in place of putting up a letter of credit. The benefit of using an excise bond instead of an LC is the opportunity cost of you tying up cash versus putting it back to work for you.

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Adult Woman Holding Open Box With Different Cannabis Strains in Her Homeopathic Medicine Store.

Who needs Cannabis Insurance?

It is equally as important to get insurance for your cannabis business as it is for any other business. In fact, for certain types of operations and verticals it can be mandated by the associated governing body. These include Health Canada, the AGCO, the CRA, or can simply be required by your Landlord.

FCA Insurance is experienced in insuring a wide variety of cannabis operations including:

  • Cannabis Producer (LP, ACMPR or Micro Cultivator)
  • Landlord of a Cannabis Producer
  • Dispensary
  • Infused Product Manufacturing
  • Cannabis Extractor
  • Security Company working with Cannabis
  • Cannabis Consultant
  • Cannabis Transportation
  • Any other Cannabis related operations

FCA is Canada’s Commercial Insurance Expert Since 1919

FCA has been providing Canadian companies with commercial insurance since 1919. We have set the industry standard for turnaround time for both new and existing clients. We pride ourselves in ensuring our clients are receiving the best suite of coverages at a fair price.


FCA specializes in offering the following suite of coverages for Cannabis producers:

  • Stock, Building and Equipment Insurance
  • Commercial General Liability Insurance
  • Directors and Officers Insurance
  • Product Recall Insurance
  • Builders Risk Insurance
  • Cyber Liability Insurance
  • Errors and Omissions Insurance
  • L302 Cannabis Excise Bonds

In order for FCA to provide Insurance to your Cannabis operation, there are 2 main items we require:

  1. Copy of your Health Canada License
  2. Completed application, which can be found here (application uploaded to content folder)

The main factors that influence the price of cannabis coverage include:

  1. Revenue – this helps to assess the overall exposure and size of the operation
  2. Value of insured assets – also known as total insured value (TIV) is the maximum total property loss
  3. Experience – this is used this to gauge the level of expertise the management and ownership team have in running the operation effectively
  4. Past insurance claims experience – used to understand the likelihood of a claim based on the past experience.

In most cases, policies in the cannabis Industry start with a minimum premium of $2,000 and quoted based on the details provided in the four categories above.

Why Choose FCA Insurance?

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Ease of Doing Business

We know insurance, and we love helping companies purchase coverages that suits their unique industry and business needs.

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Trusted by Insurance Companies

Outstanding relationships with all of the most reputable insurance markets in the industry, giving you the power of choice.

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Insurance is What We Do

Our industry-leading team boasts eighty full time dedicated insurance professionals with expansive knowledge across various industries.



Our organization has been working with FCA Insurance for over 2 years.  The team, led by Jamie Collum and Warren Griffiths, exceeds expectation in service, responsiveness and knowledge. Always going above and beyond to deliver the right solution in a seamless and effortless manner.  We highly recommend FCA for all insurance needs.


FCA covers us for all our business requirements, from equipment to liability, property, builds and everything in-between. Errol Williams is so patient and helpful; I am always confident that we are getting the best possible coverage at a competitive rate. Always the best service!


Chris Dardarian and FCA were great to work with! They provided timely and comprehensive advice and a product that suited our needs. Our situation  was complicated by COVID but the transaction was handled efficiently.

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Our mission is to make insurance accessible. We put you in control of your insurance experience. FCA informs and empowers you, so you can choose amongst robust options, confident in the value of your protection and in the broad reach of your advocates.

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