INSURANCE SOLUTIONS

PurpleRisk® is a commercial insurance agency providing tailored coverage solutions for small and medium-sized businesses with unique, specialized, or hard-to-place risks. 

We are a licensed Property/Casualty and Excess & Surplus Lines brokerage providing bespoke insurance and risk management services to specialty businesses of all types. 

We are also cannabis insurance brokers specializing in the cannabis and hemp/CBD industry. We are constantly evolving, adding new states, and exploring new cannabis insurance carriers and coverages to best protect and advise our clients. 

As an independent cannabis insurance agency, PurpleRisk® provides coverages with the leading cannabis insurance companies and program managers specializing in the cannabis space, some with exclusive access, to best serve our clients' unique needs. 

Our insurance coverages include, but are not limited to, the following core insurance policies that all specialty businesses - including medical marijuana, adult use marijuana, and hemp/CBD businesses - should consider to mitigate and transfer risk:

• Commercial Property: "all risks" coverage for damage to property resulting from any perils except those excluded specifically by the policy. It can protect buildings, equipment, inventory and business personal property against perils such as fire, theft, vandalism, and natural disasters and can include Business Income coverage for loss of income and extra expenses due to a covered loss. 

• General Liability: protection against third-party claims of injury and property damage arising out of the insured's premises or operations.

• Product Liability: protection against financial loss from covered claims of bodily injury and property damage relating to use of a covered product.

• Product Withdrawal/Recall: coverage for costs associated with getting a product back from the market because of a known or suspected defect which has caused or is reasonably expected to cause injury. 

• Workers Compensation: coverage for an employer's statutory liability to provide benefit payments to employees for work-related injuries or illnesses.

• Commercial Auto Liability: coverage for auto liability and property damage involving insureds that own or use autos for business-related purposes.

• Excess Liability: additional liability coverage providing limits in excess of an underlying liability policy.

• Directors & Officers Liability: coverage protects the personal assets of board members, officers and executives against claims of financial loss alleging wrongful acts relating to managerial decisions; and provides entity protection for the company's balance sheet.

• Employment Practices Liability: coverage for claims relating to harassment, discrimination, and wrongful termination, among other employment-related claims.

• Miscellaneous Professional Liability: coverage against claims for damages resulting from alleged errors and omissions in the performance of the insured's professional services (e.g., consultants, testing laboratories).  

• Commercial Crime: coverage for exposures such as theft and robbery, employee dishonesty, embezzlement, loss of money or assets in transit, forgery, and fraud.

• Crop Coverage: coverage for indoor cannabis or hemp cultivation at any stage of the growth cycle (living plants) against perils such as fire and theft.

• Cyber Insurance: best-in-class cyber solution combining broad first-party and third-party liability coverage with access to expert cyber security services and claims professionals.  

We also provide access to exclusive risk management services from qualified professionals that can mitigate your exposures and may provide better coverage terms from insurance companies, including loss control and safety services, human resources, cyber security, legal and regulatory services.

For more information, or to get a business insurance quote, contact us! 

PurpleRisk® is a licensed Property/Casualty and Excess & Surplus Lines brokerage, cannabis insurance broker and cannabis insurance specialist providing insurance and risk management services to specialty businesses of all types - including medical marijuana, adult use marijuana, and hemp/CBD businesses - in the following states: 

• Arizona
• California
• Connecticut
• Maine
• Massachusetts
• Nevada
• New Jersey
• New York
• Vermont
• Other States Coming Soon!