Cannabis Insurance Cost Estimator

What does cannabis insurance actually cost?

A starting range based on your operation type and scale. Two minutes, no contact info required. Subject to underwriting; not a quote.

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How Pricing Works

What drives your premium up or down

The estimate above is a starting range. Your actual quote depends on these eight factors.

Revenue size

Most cannabis GL policies are rated on annual revenue. Larger operations pay more, but not linearly.

Operation type

Cultivation differs from retail differs from processing. Each has different rate factors and different available carriers.

State & licensing

Mature markets like Michigan and Colorado generally have lower rates than newer-market states. Adult-use vs. medical-only also impacts pricing.

Security infrastructure

Compliant alarms, cameras, access control, and safe specs can swing your premium 20%+ in either direction. One of the biggest drivers operators control.

Claims history

Like any commercial line, prior claims raise rates. One theft claim can stay on loss runs for 3–5 years.

Equipment values

Cultivation lighting, HVAC, extraction equipment, and finished product all need scheduling at replacement cost. Under-scheduling looks cheap until claim time.

Frequently Asked

Cost estimator questions

How accurate is the estimate?

The estimator gives a starting range based on industry-typical pricing. Your actual quote depends on detailed underwriting including security infrastructure, claims history, and specific operations.

Is this a quote?

No. This is an estimate for orientation only. Coverage is subject to underwriting and is bound only when confirmed by an authorized Spire representative.

What information do I need to use the estimator?

Basic information about your operation type (cultivation, dispensary, processing, or transport) plus annual revenue range. The actual quote will require more detail including security setup, claims history, and equipment values.

Why might my actual quote differ from the estimate?

Real underwriting considers security infrastructure, claims history, equipment values, exact location, and many other factors not captured in a quick estimate. The actual range can be lower or higher than the estimate depending on these inputs.

Ready for a real quote?

Estimates orient.
Quotes commit.

If your starting range looks reasonable for what you're paying — or wildly different — a 15-minute conversation with a Spire agent will tell you which.