Cannabis Business Insurance

The cannabis industry faces unique risks and uncertainties. At Insurance Center of North Jersey, a part of Risk Strategies Company, we specialize in providing the expertise, market access, and focused approach you need to ensure your business stays on track for success.

ICNJ – Risk Strategies Cannabis Industry Practice

The insurance landscape is constantly evolving to provide protection for both early-stage and established cannabis companies.


If you have any questions or need guidance with your insurance needs, please reach out to us. We're here to help you find the right coverage: info@icnj.com.


Our specialty team has deeply rooted relationships with insurance carriers, allowing us to tailor a program to meet the needs of any organization, large or small. We work with you to quantify risk, analyze exposures, and find competitive risk transfer solutions in a non-standard insurance market.

Our offerings include:

  • A dedicated Cannabis team comprised of industry experts and support staff.
  • Analytics and benchmarking of peer organizations to help quantify risk and forecast risk management solutions.
  • A holistic approach to financing employee benefits risk from fully insured to self-insured and cannabis-specific captive solutions.
  • Expertise with employee benefits and tough-to-place life insurance.

Industry Insight

From regulatory action to reputational injury, product liability, and recall, we understand both the unique and everyday challenges and liabilities you face.

We provide a broad range of risk management and insurance coverage solutions. If your organization is concerned about any of the risks below, we can help:

  • A hardening market with decreased capacity and increased rates, fueled by various carriers entering and exiting the cannabis space.
  • Evolving responses to product liability claims
  • Social inflation escalating settlements and defense costs.
  • Limited capacity for large property and business income
  • Implementation of delivery services
  • Decreased capacity for crop and property coverage

Solutions and Capabilities

Our Cannabis team provides customized plans to help both public and private organizations manage their myriad risk exposures and related insurance solutions, including:

  • General Liability
  • Products Liability
  • Crop Coverage
  • Products Recall
  • Cyber
  • Environmental Liability
  • Workers’ Compensation
  • Excess/Umbrella Liability
  • Property / Business Interruption
  • Automobile & Transportation
  • Crime and Fiduciary Liability
  • Kidnap and Ransom
  • Builders Risk
  • Directors & Officers
  • Employment Practices Liability
  • Key Person Insurance
  • Employee Benefits
  • Captive and Alternative Risk solutions

Why Choose Insurance Center of North Jersey – Risk Strategies?

As part of Risk Strategies, ICNJ offers several advantages:

  • Tailored coverage designed for cannabis businesses: We provide coverage options specifically designed to address the unique needs of the cannabis industry.
  • Strong relationships with all cannabis insurers: Our strong relationships with all major cannabis insurers allow us to provide competitive and comprehensive insurance solutions.
  • Nine years of specialty focus in the cannabis space: Our extensive experience in the cannabis industry ensures that we understand the specific risks and challenges you face.
  • Deep expertise in all types of insurance: We offer a wide range of insurance solutions tailored to your business needs.
  • Risk management advice for cannabis construction projects: Our team provides expert advice on managing risks associated with cannabis construction projects.
  • Captives and self-insurance options: We offer alternative risk transfer solutions, including captives and self-insurance options.
  • One-stop resource with in-house claims support: Our in-house claims support team ensures that you have a single point of contact for all your insurance needs.

Contact Us

For a complimentary insurance and risk management review from a cannabis industry expert, contact us at info@icnj.com or 201-525-1100.