Insurance products made with cannabis business operations and risk prevention in mind
Our insurance products are designed specifically for cannabis businesses. Other insurance policies that aren’t cannabis-specific likely include critical exclusions that go unnoticed by agents due to a lack of understanding of how cannabis businesses operate. These potential gaps in coverage can leave cannabis businesses exposed to risks that could easily exceed what they’re capable of financially surviving.
Our insurance products are different. The insurance products offered through TRICHOME™ are 100% made with cannabis business operations and risk prevention in mind. We allow cannabis businesses to grow and sustain through insurance rooted in risk management. Plus, TRICHOME™ policyholders may receive lower insurance premiums for taking effective risk management measures.
Dispensaries
Cultivations
Distributors
Manufacturers
Extraction Facilities
The TRICHOME™ Model
TRICHOME™ is an insurance company providing products only to the cannabis industry through a captive insurance model. The National Cannabis Risk Management Association (NCRMA) endorses TRICHOME™ and, through the implementation, vetted the NCRMA appointed brokers and products, allowing their members to access insurance policies created with a deep understanding of the cannabis industry, empowering members to protect their businesses for sustainability.
Only members of the NCRMA can access TRICHOME™ products and, as a result, benefit from more accurately priced premiums through the implementation of cannabis education, support, and expertise provided through the NCRMA membership. Because the TRICHOME™ products only cover risk-conscious businesses, losses occur less frequently with lower severity, which may result in lower premium charges for all members.
- More accurately priced premiums
- A holistic approach to underwriting
- Appointed brokers vetted by criteria established by NCRMA members
- Insurance products birthed by the risk-management lead, NCRMA
- Short term profit taking replaced by long term stability and rewards
- Reduced operating cost and claims control
How TRICHOME™ Insurance benefits cannabis businesses
Protects businesses from exposures that would otherwise cost millions of dollars to cover, allowing for a sustainable cannabis business.
More accurately priced premiums for policyholders that stem from proactive risk prevention measures.
Insurance products are made with a cannabis operational understanding in mind.
 | Others | |
Risk Management Basis | Insurance is part of Risk Management | Insurance IS Risk Management |
In-Person Risk Management Assessment |  |  |
Fair Scorecard Rating | | |
Risk Management Education | | |
Risk Management Consultation | | |
More Accurately Priced Premiums | | |
Premium Prices Determined by Risk Score | | |
Underwriting & Risk Management Team | | |
Captive Structure | | |
Shareholder Influences Decisions |  |  |
Improved Risk Management Rating May Reduce Premium Costs | | |
Simplified Application & Underwriting Process | | |
48-72 Hour Quote Turnaround | | |
Long-term Sustainability | | |
Exclusions | Limited as compared to competitors | |
Additional Coverages | Multiple as compared to competitors | |
