Alchemy Insurance Solutions is stepping up its game in the insurance market for cannabis businesses. As a specialty Managing General Agent (MGA), Alchemy focuses on providing tailored insurance programs for niche industries across the U.S. They have built strong partnerships with A-rated carriers to deliver customized coverage for high-risk sectors, including cannabis operations, self-storage facilities, construction projects, and artisan contractors.
Recently, Alchemy announced an expansion of its underwriting capabilities. They are now offering coverage for indoor cannabis cultivation operations. This includes facilities that use High-Pressure Sodium (HPS) and Metal Halide lighting, which gives growers more flexibility in their insurance options.
Alchemy’s Businessowners Policy (BOP) is already recognized as the top choice in the cannabis industry. This policy combines essential coverages into one easy package. It includes property insurance, general liability, and coverage for products and completed operations. This comprehensive approach helps cannabis cultivators feel secure as they grow their businesses.
There are many reasons to choose Alchemy for insurance needs. They offer an online platform for quick rate quotes and binding, with a fast underwriting turnaround of 24 to 48 hours. Their policies also cover Delta-8 and Delta-9 products, and there is no requirement for a safe or vault to store products. Additionally, crops and stock are covered under their Business Personal Property (BPP) policy, and they provide competitive commissions for producers.
To share more about their offerings, Alchemy will host a monthly webinar. The next session is scheduled for May 27, 2025, at 1 PM. Interested individuals can sign up through a provided link. For those looking to become producers with Alchemy, they can sign up on the company’s website.
As the cannabis industry continues to evolve, Alchemy Insurance Solutions remains dedicated to providing innovative and responsive insurance options tailored to the unique needs of this growing market.