Amwins Program Underwriters (Cannabis P&C)

Amwins describes itself as a global specialty insurance distributor whose wholesale business dates to 2000, owned by employee shareholders and institutional investors, with $44.5 billion in annual premium placements. Its Cannabis P&C program is run by Amwins Program Underwriters, and the program manager and program underwriter named on the page both work from Camp Hill, Pennsylvania. The program is written on a non-admitted carrier rated A- (Excellent) by AM Best, with an A++ rated reinsurance partner behind the property coverage. Amwins is an intermediary: retail agents place business with it, and it does not sell directly to operators.

The program is open in every US state where cannabis or hemp is legal. Eligible accounts include indoor and outdoor cultivation, dispensaries, manufacturers, wholesalers, laboratories, delivery and distribution companies, hemp and minor-cannabinoid businesses, consultants and lessor's-risk landlords. Property goes to $15 million TIV per location with no coinsurance on stock or crop and three simplified inventory limits, for living plants, harvested or in-process product and finished stock, instead of per-plant valuations, plus equipment breakdown and a theft sublimit for finished stock kept outside a safe. General liability runs to $2 million/$2 million on an occurrence or claims-made form, and products liability to $1 million/$2 million on a claims-made form only.

Amwins publishes a minimum premium of $750 on its cannabis program page; it does not publish rates. Submissions need a cannabis application, current loss runs, with new ventures eligible, and a statement of values for multi-location accounts, with supplemental forms for cultivation, hired and non-owned auto and lessor's risk. Property in transit is available by endorsement up to $50,000/$100,000, and a separate Cannabis Cargo policy carries higher transit limits. Hired and non-owned auto covers incidental exposure only, not delivery fleets.