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About Specialty Agriculture Insurance Company of Michigan

Specialty Agriculture Insurance Company of Michigan (SAICM) is an association captive insurance company offering comprehensive policies that were created specifically to address Michigan’s proof of financial responsibility and “Gram Shop” laws.* Because our team supplies hundreds of attestations and policy documents to the Michigan Cannabis Regulatory Agency monthly, SAICM customers also benefit from experts who understand the complex application and license renewal process, as well as timely delivery of new or corrected policy forms and Michigan attestations within 48 hours.

*Michigan’s Public Acts 160 and 55 of 2021.

Get a Quote

Five Steps to Obtain Coverage

  • Determine Need

    Client needs an Attestation J
    “Medical” or Attestation 2D
    “Adult Use” for licensure process

  • Apply

    The client’s agent or broker fills out a SAICM application.

  • Sign & Submit

    Application is signed electronically and submitted to SAICM through the client’s agent or broker.

  • Review & Quote

    SAICM reviews application and sends insurance quotes and binder bill to client’s agent or broker with ePay link.

    SAICM does not compete with you or your carriers. We complement both. 

    Copies can be shared with the client as requested.

  • Pay & Confirm

    Once payment is submitted and SAICM confirms receipt, the policy documents are send to the client’s agent or broker.

    The process will be complete within one business day, but typically occur within a four-hour window. 

    Copies can be shared with the client as requested.

Perks of a SAICM Policy

  • Best-in-class coverage for your cannabis business
  • Products that meet Michigan’s proof of financial responsibility (section 408) and “Gram Shop” laws (Public Act 55 of 2021)
  • Agents who understand ever-changing regulatory requirements, license renewals and more
  • Receive your certificate of insurance and signed Attestation J Form within 24 hours
  • Membership resources through Specialty Agriculture Risk & Financial Association (SARFA)