Outdoor Cannabis & Hemp Insurance

Finding outdoor crop insurance for cannabis or hemp grows in Oklahoma can be tricky. Oklahoma’s weather is considered volatile to say the least. In the matter of a month we could have blistering heat and then all of a sudden 50 mile per hour winds followed by 2 feet of snow. Our crazy climate creates a serious exposure for outdoor cultivation and you should consider outdoor crop insurance or “parametric crop Insurance”.

Who can benefit from this coverage.

• Outdoor Medical Marijuana Cultivations

• Indoor Medical Marijuana Cultivations

• Outdoor Hemp Cultivation

• Indoor Hemp Cultivation

HOW DOES PARAMETRIC INSURANCE WORK?

1. Using satellite data and weather modeling, we can determine what perils will cause the greatest damage to your crop.

2. Together, we choose indices of weather events, which are likely to cause damage to your crop.

3. We then set pre-defined thresholds for the chosen perils, which, when breached, will result in an insured loss. Please note that for some coverage, such as hail, you will need to install required sensors. Throughout the policy period, insurers monitor the climate indexes and are notified when pre-defined thresholds are exceeded.

What We Need

1. Location of fields

2. Total Value of Assets

3. Seed and harvest dates for growth cycle

4. What perils you require

5. Loss record

Our Insurance Package Highlights

  • Limits up to $100M

  • Cover tailored to your requirements

  • Claims paid within three days without the need for time consuming loss adjusters

  • You set the Sum Insured of your crop, so we can insure the seed value up to the wholesale value of the harvested product

  • A-rated Lloyd’s policy

  • Competitive pricing

Call Now!