The Institutes

Global Broker Enters Cannabis Insurance Market

 Wednesday, August 15, 2018

 Insurance Business

Global insurance brokerage Hub International is joining the cannabis craze with the launch of a new comprehensive cannabis insurance and risk services offering. The proprietary offering will be run within Hub’s Agribusiness & Farm Specialty Practice and will offer medical and recreational cannabis organizations - including producers, distributors and retailers - the chance to get comprehensive coverage to reduce their risks and liabilities. Despite pot still being illegal under US federal law, a total of 29 states, plus the District of Columbia, Guam and Puerto Rico, have all now legalized it for medicinal purposes, and eight states are allowing it for recreational use.
LiabilityExcess & Surplus Lines