Insurance & Financial Services
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Cannabis

LBW Insurance & Financial Services for the

Cannabis Industry

Growers

Retailers

Delivery

Since 1922, leading companies have relied on LBW Insurance and Financial Services to provide cost-effective risk management solutions.

We pride ourselves on the value we bring to our clients. As a team of experienced professionals, we don’t just write policies. We craft individual insurance and financial planning strategies to match the unique needs and goals of each company and individual we serve.

As a partner in your continued success, we promise to work with you and for you, providing innovative solutions backed by exceptional service. It’s the same promise we’ve made – and kept – for nearly 100 years.

Sample Package of Coverages for Cannabis Clients

Employee Benefits Programs · Workers Compensation · Employment Practices Liability · Directors & Officers Liability · Errors and Omissions · Product Recall and Product Liability · Business Interruption & Equipment Breakdown · Property Crime Coverage & Employee Theft · Cyber · General and Excess Liability

What we can provide for your business:

Business Insurance

All Lines of Coverage

Customized Total Risk Assessment & Management Plans

Workers’ Compensation Insurance

HR & Loss Control

Payroll resources and integration

What we can provide for your employees:

Group Health, Medical, Dental, and Supplemental

Group Life, Disability, and Long Term Care

Insuring the Cannabis Industry

Here are the coverages we recommend to our Cannabis industry clients and what those policies cover.

Employee Benefits Programs

  • Health Insurance, Dental, Vision, Life Insurance & Disability
    • Complimentary customized total risk assessment & management plans, human resource (HR) benefits software, HR consulting, employee handbooks, Harassment Prevention training
  • COBRA coverage administration.

Workers Compensation

  • Employee injuries, medical expenses, rehabilitation, disability, death benefits
  • Safety and loss control programs offered to increase compliance and worker safety in addition to controlling Workers Compensation insurance costs

Employment Practices Liability

  • Defense and settlement costs against wrongful termination, harassment, and discrimination
  • Legal fees for wage and hour claims

Directors & Officers Liability, and Errors and Omission Insurance

  • Protection from investors, outside shareholders, and individual shareholders
  • Protection for board members and founders against investor claims and limited regulatory compliance claims
  • Protection for consulting, lab testing, and software errors

Product Recall and Product Liability

  • Cost to run a product recall and to remanufacture/replace the product
  • Protects you from product bodily injury or property damage, including settlement and defense fees

Business Interruption & Equipment Breakdown

  • Lost income due to fire, theft, water damage
  • Funds to repair or replace equipment
  • Costs for temporary relocation
  • Loss of rents
  • Covers essential payroll and continuing expenses
  • Net profit loss
  • Refrigeration and air conditioning breakdown
  • Extraction equipment, packaging equipment

Property Crime Coverage & Employee Theft

  • Cash theft and security event
  • Computer funds fraud
  • Forgery and alteration
  • Embezzlement and theft
  • Computer funds transfer fraud
  • Product theft
  • Equipment, furniture, inventory, fixtures, tenant improvements

Cyber Security

  • Identification theft
  • Privacy violation
  • Social engineering
  • Information theft
  • Costs related to intrusion

General and Excess Liability

  • Trip and fall for customers, including medical coverage
  • Personal injury – non-employees
  • Advertising liability
  • Additional coverage of many errors, excess coverage to protect assets

For more Information Contact LBW’s Cannabis Specialist:

Eric Stelnick
Vice President of Sales
Phone: (661) 702-6010
CA License # 0L26866

INSURANCE CLIENT TESTIMONIALS

  • Your team works together seamlessly.

    “The service we receive from LBW has been outstanding! Your team works together seamlessly. LBW can be proud to have such helpful, attentive, competent and caring personnel willing to go the extra mile to help the clients they serve.”

    Barbara Frederick, Dir of HR at Filter Pump Industries

  • I consolidated all of my policies with LBW and received excellent service and better coverage for less annual premiums!

    “I consolidated all of my various insurance policies (homeowner, auto, boat) with LBW and received excellent service from Millie and must say, better coverage on all for less annual premiums! I did not realize that I could get such great rates with AARP policies by using LBW as my agent!!! Highly encourage all my friends to check it out!!!”

    Jennifer Domingos

  • Thank you for the excellent job you do for my business, my employees, and my family.

    “"I want to thank you for the excellent job you and your team did on my recent fire claim. As you know, the fire we experienced at our property was devastating and the loss much larger than first anticipated. The LBW team stayed on top of the carrier and really pushed to get our claim handled as quickly and effectively as possible. As always, you and your team treated me like a VIP. This is just one more instance that confirms my decision to put both my business and personal insurance with you. More important than the follow-through provided when we experienced our loss, is your team’s continual review of our policies. It was those reviews that made sure we were adequately covered. Thank you also for making me look good in the eyes of the many folks I have referred to you. I know you will always take good care of those I send your way.”

    Rodney L. Gleicher, President G&G Properties

  • LBW has provided world class service and advice and I would recommend them to anyone desiring top quality insurance solutions.

    “"I want to take this opportunity to thank you for the outstanding personal attention and service we have received. The staff at LBW are not only very knowledgeable and courteous but they are also accessible both in person and by phone as needed. In addition to all of the personal assistance we have received your staff has well represented LBW as my advocate for quality insurance plans. From design, to enrollment, to administration; LBW has supported me through all of my employee benefits and business insurance choices. LBW has provided world class service and advice and I would recommend them to anyone desiring top quality insurance solutions."”

    Inna Tuler, President Maintco Corporation

  • The guys at LBW really helped us identify our key risks and gave us valuable insights on how to mitigate them

    “The guys at LBW really helped us identify our key risks and gave us valuable insights on how to mitigate them. Howard and Todd are both exceptionally informative and really easy to work with. As the CEO of an emerging-growth startup I highly recommend the team at LBW.”

    Marty Chaskin, Co-Founder and CEO of LockAware, Inc.