CannGen Insurance Services, LLC
The first Managing General Underwriter exclusively focused on the legal cannabis, CBD, and hemp industries.
Overview
CannGen Insurance Services, LLC is the first Managing General Underwriter (MGU) exclusively focused on the legal cannabis, CBD, and hemp industries. Founded in 2008 in California, CannGen pioneered specialized insurance coverage for the unique risks of cannabis businesses long before most carriers would consider the sector. The company operates under the Next Wave Insurance Services umbrella and partners exclusively with A.M. Best "A"-rated carriers to deliver comprehensive coverage solutions.
CannGen serves the full cannabis supply chain including cultivators, manufacturers, extractors, distributors, laboratories, retailers, delivery services, and ancillary businesses. The company maintains licenses in 16+ U.S. states and has extended its reach to Canada and international markets. In 2023, CannGen expanded into Europe through CannGen Insurance Europe, based in Brussels. In early 2025, the company launched CannGen UK, Ltd in London to serve the United Kingdom's developing cannabis insurance market.
In Q1 2025, CannGen launched a new Workers Compensation program through specialty carrier Crum & Forster, offering tech-driven coverage with 24/7 digital claims reporting and self-service tools. The company continues to build out its product suite to address the evolving needs of a maturing cannabis industry across U.S., Canadian, and European markets.
Products & Services
Workers Compensation Insurance
Launched Q1 2025 through specialty carrier Crum & Forster. Provides tech-driven workers compensation coverage for cannabis businesses with 24/7 claims reporting via the C&F Connect portal, self-service billing, and loss control tools.
Key Features
- Nationwide availability across all 50 states
- 24/7 digital claims reporting via C&F Connect portal
- Self-service billing and loss control tools
- Flexible pricing options
Target Users: Cannabis cultivators, dispensaries, processors, distributors, and ancillary businesses across all 50 U.S. states
Distribution: Wholesale and retail agents/brokers
Package Insurance
Bundled property, general liability, and related coverage for cannabis operations at all stages of the supply chain.
Key Features
- Commercial property coverage
- General liability
- Business interruption
- Product liability (may be bundled)
Target Users: Cannabis cultivators, manufacturers, distributors, and retailers
Distribution: Wholesale and retail agents/brokers
Product Liability Insurance (CannGenPRO)
Protection against claims arising from cannabis products sold to consumers. Separate professional liability (errors and omissions) coverage for cannabis professionals and consultants operates under the CannGenPRO brand.
Target Users: Cannabis product manufacturers, dispensaries, ancillary professionals and consultants
Commercial Auto / Transportation Insurance
Coverage for vehicles used in cannabis distribution and delivery operations throughout the supply chain.
Target Users: Cannabis delivery services, distributors
Management Liability
Directors and officers liability (D&O) and employment practices liability (EPLI) coverage for cannabis company leadership teams.
Target Users: Cannabis companies with executive and management exposure
At a Glance
- Founded
- 2008
- Headquarters
- San Diego, California
- Employees
- 11-50
Category & Focus
Last updated: 2026-05-11