MEDICAL MARIJUANA INSURANCE PROGRAM

Leading the Field

We are the Leading Provider of Insurance for the Canadian Cannabis Industry As Regulated under Health Canada's
ACMPR 1 & 2
(Access to Cannabis for Medical Purposes Regulations)

Contact Us To Get Started
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Our Clients Include:

  • Commercial Licensed Producers & Applicants
  • Patient Growers & Designated Growers
  • Labs - Clinical Trials & Product Testing
  • Building Owners & Landlords
  • Manufacturers, Wholesalers & Distributors
  • Medical Cannabis Access Centres & Clinics
  • Special Event Promoters, Vendors & Venues

Experts in the field

Through our work over the last decade we have developed a special understanding of the industry. Today we are working with hundreds of policies and clients in the Commercial Cannabis & Medical Cannabis field and have developed a professional knowledgeable service team to make your Cannabis Insurance Purchase experience positive, we know Cannabis.

Our Services

ACMPR 1: Licensed Producers

  • Directors & Officers Liability
  • Product Liability
  • Building & Contents
  • Cyber Liability
  • Dried Stock Coverage
  • Business Interruption
    • Loss of Profits​
    • Crop Coverage
    • Extra Expense
    • Product Recall
      • Government Mandated Recalls
      • Voluntary Recalls
  • Laboratory Coverage
    • Clinical Trials​
    • Special Equipment
    • Errors & Omissions
  • Shipping / Transit Coverage for Product
    • Producer to Producer, including Import & Export
  • Employment Practices
  •  ACMPR Commercial Applicant 

 


 

ACMPR 2: Personal & Designated Coverage

HOME & TENANT INSURANCE
  • Building & Personal Property
    • ​Sewer Back-Up​
    • Earthquake
  • Detached Structures
    • Replacement Cost Coverage​
  • Structure & Belongings​
  • Bylaw Coverage
  • Additional Living Expenses
    • Mass Evacuation Coverage (Wildfire)
  • Increased Deductible Options

 

OPTIONAL EXTENSIONS

  • Home Based Business
  • ​​Leasing
    • Suite Rental​​
    • Boarders
    • Garden Space
  • Equipment Breakdown
  • Crop Coverage
  • Identity Theft
  • Increased Cost of Construction
  • Upgrade to Comprehensive Coverage
LANDLORDS & PROPERTY MANAGERS
  • Same base coverage as Home Insurance
  • No Co-Insurance Clause
  • Commercial General & Owners, Landlords and Tenants Liability
    • Residential Properties
    • Commercial Properties
    • Agricultural Properties
    • Undeveloped Land
  • Rental Income Replacement​
  • Course Of Construction​
    • Wrap-Up Liability
    • Equipment Coverage​
  • Enhanced Equipment Breakdown

 



Dispensaries & Wellness Centres

Providing Insurance & Risk Management services to 100+ Dispensaries in Canada, the MMIP team is here to help you navigate, understand and uncover the unique needs of your operation. If you own/operate a

  • Compassion Club
  • Medical Marijuana Dispensary
  • Recreational Cannabis Dispensary
  • Wellness Centre
  • Patient Referral Clinic
  • Internet Dispensary

We have the knowledge and tools you need to stay relevant while protecting your Contractual Obligations, Municipal & Lease Requirements including all forms of Liability & Property coverage.

BUILDING & CONTENTS PROTECTION
  • Building and Contents
    • Building Ownership​
    • Lease Assignment
    • Leased Equipment
    • Mortgage & Financed Equipment
  • Burglary and Theft Coverage
  • Exterior Signs
  • Glass Breakage
  • Replacement Cost Coverage
    • Inventory​
    • Equipment
    • Tenant Improvements
  • Business Interruption
    • Loss of Profits
    • Payroll Coverage
  • Extra Expense
    • Temporary Location Insurance
    • Overrun on Rebuild Costs
  • Valuable Papers
    • Account Receivable
  • Theft & Robbery Extension

 

LEGAL LIABILITY & EXTENSIONS
  • Public Liability
  • Third Party Liability
  • Product Liability
  • Product Recall
    • Packaging Error​
    • Product Tampering
    • Voluntary Recall (Product Error)
    • Government Mandated Recall
  • Special Event Coverage​
    • Includes trade-show coverage​
  • Tenant's Legal Liability
  • Medical Malpractice
  • Incidental Medical Malpractice
  • Errors & Omissions
  • Cyber Liability
  • Non-Owned Auto
  • Employers Liability
  • Contingent Employers Liability
  • ​Employee Benefit Liability

 


 

Recreational & Social Use

The (current) Government of Canada has announced:

"We will legalize, regulate, and restrict access to marijuana. Canada's current system of marijuana prohibition does not work. It does not prevent young people from using marijuana and too many Canadians end up with criminal records for possessing small amounts of the drug.

Arresting and prosecuting these offenses is expensive for our criminal justice system. It traps too many Canadians in the criminal justice system for minor, non-violent offenses. At the same time, the proceeds from the illegal drug trade support organized crime and greater threats to public safety, like human trafficking and hard drugs.

To ensure that we keep marijuana out of the hands of children, and the profits out of the hands of criminals, we will legalize, regulate, and restrict access to marijuana.

We will remove marijuana consumption and incidental possession from the Criminal Code, and create new, stronger laws to punish more severely those who provide it to minors, those who operate a motor vehicle while under its influence, and those who sell it outside of the new regulatory framework

We will create a federal / provincial / territorial task force, and with input from experts in public health, substance abuse, and law enforcement, will design a new system of strict marijuana sales and distribution, with appropriate federal and provincial excise taxes applied."

At LMG Insurance Brokers Ltd. we are ready for the Social Market now. We have the experience with the Insurance Companies, we have the experience with the Cannabis Market. We are close to this industry in all ways possible, this means we are ALWAYS up to date on any current news or announcements in the Cannabis space and how it may impact the Insurance Industry. With this in mind we are eagerly awaiting to see what the Liberals legalization policy will look  like.

We are ready to react and will be the first with a product for the market.

Let us know how we can help you

Have questions or need to find the right coverage? We can help, contact us today.