APU CannaBev™
APU CannaBev™
Insurance for one of the fastest growing industries in the country.
Six years since the 2018 Farm Bill federally legalized hemp, sales of hemp-infused beverages, CBD, delta-9 THC and other cannabinoid products soared to more than $1.1 billion in 2024. Today, you can buy a hemp beverage at your local bar, concert venue, brewery or liquor store. But insurance options for businesses that sell hemp beverages are few and far between, and most are too pricey for smaller operations.
Amwins Program Underwriters has created a state-of-the-art offering the hemp industry can afford. APU CannaBev™ offers specialized coverage for hemp-infused beverages and edibles, including general, product and impairment liability. Written by cannabis insurance specialists, the program offers coverages designed specifically for Farm Bill-compliant hemp products. The program is built for brands, manufacturers, distributors, and retailers, as well as on-premises consumption establishments including bars, music venues and sports facilities.
Program Highlights
- Exclusive cannabinoid impairment liability form for on-premises consumption, designed to sit alongside existing GL/liquor policies
- GL, products & impairment liability – flexible limit options up to $5m, available standalone or packaged
- Errors and omissions coverage for manufacturers producing brands for others
Eligible products
- Farm Bill-compliant hemp-infused beverages
- Delta-9 THC, CBD, CBG, CBN and other naturally occurring cannabinoids
- Functional mushrooms as ingredients
- Caffeinated products
- Non-infused functional beverages
- Edibles, topicals, & other ancillary products
Ineligible products
- Cannabis products exceeding 0.3% THC
- Inhalable products – flower, pre-rolls, etc.
- Vaporizers, cartridges, concentrates
- Synthetic cannabinoids
- Alcoholic products exceeding 0.5% ABV
Target clients: GL & product liability
- Hemp beverage brands
- Manufacturers – in-house brands, contract manufacturing, emulsions & ingredients
- Specialty stores – hemp products, functional beverages, supplements
- Beer & liquor distributors – hemp products only
- Convenience, liquor & grocery stores – hemp products only
Target client: impairment liability
- Bars, restaurants & taverns
- Music venues & sporting arenas
- Golf courses & sporting clubs
- Pickle ball & leisure sports facilities
- Brands, manufacturers & distributors
APU CannaBev™
Program details
Availability
States where intoxicating hemp products may be legally sold
Minimum premium
- GL/products: $2,500
- Impairment liability: $2,500
Limits
- General liability – occurrence or claims made
- Options up to $5m/$5m
- Product liability – claims made
- Options up to $5m/$5m
- Impairment liability – claims made
- $100k-$5m limit options
- Manufacturer’s errors & omissions liability - claims made & reported
- Up to $1m limit options
Carrier
A.M Best Rated "A+" XV, non-admitted
Submission requirements
- APU CannaBev™ application OR standard products/liquor application + APU CannaBev™ Impairment supplemental
- 3-5 years currently valued loss runs
- Copy of manufacturing agreements, if applicable
- Copy of employee training program(s) and/or service policy
- Copy of menu for on-premise THC consumption
Copy of liquor liability quote or policy, if alcohol is sold
For questions or to submit, email us at cannabev.apu@amwins.com.
