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Florist outside with plants | Cannabis and hemp insurance

Insurance Coverages for Cannabis and Hemp

The Cannabis Industry

Cannabis is an exciting and emerging industry loaded with potential.  Potential for positive impact and potential for pitfalls.  As consumer awareness and interest flourishes, parallel industries like agriculture, consumer goods, and pharmaceuticals look to access opportunity and unlock value, yet there is still much balking due to the unknown, unaccepted, and misunderstood.

Pioneering investors and operators, tough to challenge and wise to blind spots, stand to be rewarded for diligent efforts.  And what the wise and impassioned entrepreneur lacks and needs most now is strong support and key understandings, a ‘True Peace of Mind.’  This is where XINSURANCE shines, as a knowledgeable and trusted partner in the protection and pursuit of opportunity.

The Cannabis Plant

Confusion with cannabis often stems from complex science and tardy research of a plant with 100+ individual molecules known as ‘cannabinoids’, many of which are non-intoxicating and hold unique therapeutic values.  Until a recent upswell of interest in CBD, cannabinoids were mostly unheard of beyond THC (and its magic for making Cheetos disappear).  Today, the ‘minor’ cannabinoid tsunami grows strong, with Cannabinol (CBN) sleep aids, Cannabigerol (CBG) skin creams, and more on the way.

In addition to the complexities of the plant, the cannabis entrepreneur can often feel apprehensive, as complicated and conflicting regulatory environments can drive costs and limit market access, making players feel as though they are on an uneven playing field, with moving goalposts.  Again, this is where XINSURANCE partners to provide a ‘True Peace of Mind’, by providing tailored coverage options that will evolve with you to always ensure confidence and calm in navigating uncharted waters.

Insurance Coverage for the Cannabis Industry

XINSURANCE offers solutions for coverage to the cannabis industry, “seed to sale” and beyond. Recognizing the distinct needs of investors, prescribers, cultivators, processors, testers, retailers, and transporters, XINSURANCE can customize coverage for the nuance of any operation and environment.

XINSURANCE is proud to offer the following, and more;

  • Commercial Auto (available in most states)
  • Commercial General Liability
  • Crop Coverage (Indoor and Outdoor)
  • Directors & Officers (D&O)
  • Errors & Omissions (E&O)
  • Goods in Transit (Cargo and Custody)
  • Premises Liability
  • Product Liability
  • Professional Liability
  • Property Coverage
  • Communicable Disease Liability
  • Security Personnel Liability
  • Firearms Concealed Carry Liability
  • Active Shooter Liability
  • Employment Practices Liability
  • Equipment Breakdown
  • Animal Liability
  • Special Events Liability
  • True Umbrella / Excess

XINSURANCE is powered by Evolution Insurance Brokers, LC, an excess and surplus lines brokerage. We provide specialty customized insurance solutions for businesses and individuals. Our underwriting team brings you over 40 years of experience, along with the ability to offer customized limits, coverage, deductibles, and premiums to create the perfect plan for your protection.  If your insurance coverage has been denied, non-renewed, or canceled, we can help. We take on risks others simply can or will not.

XINSURANCE is a proud member of the National Cannabis Industry Association.

Contact Us:

If you need help, have questions, or want us to review your current policy, contact us at 877-585-2853 or

Rick LindseyAuthored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE

Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.