Cannabis, CBD and Hemp D&O and EPL
Offered by CannGen Insurance Services, LLC
Cannabis CBD Hemp Marijuana D&O Directors & Officers EPL Management Liability Wholesale Distributors Employment Practices LiabilityDescription
CannGenPRO (CannGen's new Management Liability Division) offers D&O & EPL coverage in all states that is tailored to the unique needs of the cannabis, CBD and hemp industries. Trust the experts!Â
PRODUCT HIGHLIGHTS
• Private Company D&O and EPL
• Market leading modular forms designed specifically for cannabis, CBD & hemp clients
• Risk management services for CannGenPRO policyholders
D&O:
• Full Side ABC coverage
• Broad cannabis regulatory coverage
EPL:
• Third party liability included
• Wage & Hour defense sub-limit by endorsement
APPROVED CLASSIFICATIONS
• Cultivators
• Processors / Harvesters
• Manufacturers / Extractors
• Wholesale Distributors
• Transporters
• Dispensaries
• Retailers
• Non-Storefront Delivery
• Ancillary Businesses
APPETITE/ELIGIBILITY CRITERIA
• Business is domiciled and operates exclusively in legal cannabis, CBD & hemp states
• Start Ups / New Ventures acceptable
• Capital / Funding raises
• 51% or more of total revenue must derive from cannabis, CBD & hemp
• All classes including ancillary service providers
• Asset sizes up to $500M
• Employee count up to 250
COVERAGE OPTIONS
• Primary coverage
• Limits Up to $5M aggregate
• Separate or combined D&O/EPL
• Duty to defend form with deductible
• Duty to indemnify form with self-insured retention
• Prior acts coverage available
• No Controlled Substance Act exclusions
• Side A carve-backs for certain exclusions
• Manuscript endorsement options by referral
Details
Carrier Information
Non-Admitted
Rating A- VII
Rating By AM Best
Offered By
Availability 50 states + DC
Covered
Not Covered
