Cannabis Insurance Solutions

The cannabis industry is rapidly growing in Massachusetts. Is your business protected?

Many New England states allow for recreational and medical marijuana use.  If your business grows, sells, or produces cannabis, finding insurance options may be a challenge.  Whether you have an established cannabis-related business (CRB), or you’re an up-and-coming entrepreneur, you’ll want to work with an insurance agency you can trust to provide the best coverage possible to protect your business and your employees.

BayCoast Insurance is a subsidiary of BayCoast Bank, a leader in cannabis banking solutions.  BayCoast stands out as one of the first financial institutions in Massachusetts to begin working with and lending to CRBs.

BayCoast Insurance is ready to support your cannabis-related business.

At BayCoast, we work with competitive insurance carriers who specialize in this area.  This means we can recommend coverage that can help protect your business today and grow with your business for the future. 

Industry Sectors Covered:
  • Cultivators
  • Dispensaries
  • Extractors/Processors
  • Product Manufacturers
  • Testing Laboratories
  • Landlords
  • Ancillary Businesses Services:
    o  Suppliers
    o  Support Services
Insurance Coverage Available:
  • Bonds
  • Budtenders Professional Liability
  • Cargo
  • Commercial Auto
  • Commercial Property
  • Commercial Real Estate
  • Commercial Umbrella
  • Crime
  • Cyber Liability
  • Directors and Officers Liability
  • Employment Practices Liability
  • Equipment Breakdown
  • Fiduciary Liability
  • Flood
  • General Liability
  • Indoor & Outdoor Crop
  • Living Plant Coverage
  • Pollution Liability
  • Product Liability
  • Professional Errors & Omissions
  • Property Insurance
  • Property in Transit
  • Umbrella
  • Workers’ Compensation
Employee Benefit Options:
  • Group Life Insurance*
  • Group Disability/PFML*
  • Health & Dental Insurance
  • HSAs
  • Spending Accounts

For Massachusetts Businesses Only:

The Massachusetts Cannabis Control Commission requires applicants to set aside either through a bond or an escrow account, an amount of money sufficient to cover the dismantling and winding down of your business. BayCoast Insurance works with an industry-leading company to provide a quick and efficient solution for you. CLICK HERE to quote, submit, and purchase the appropriate bond in minutes!


When you choose BayCoast, you’re teaming up with experienced professionals who can tailor an insurance program that works for your needs, helping your business grow and thrive.

Contact Us Today

If you’d like to learn more about insurance coverage for your growing cannabis business but not ready to book an appointment, please contact one of our industry experts at BayCoast Insurance.  Call 508-491-3100 or fill out the form.

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*Group Life and Group Disability/PFML products are available to cannabis businesses with a minimum of 15 employees or more.