Preferred Insurance Broker

Our Broker covers everything a prudent business would need

They have insurance markets for all categories of the UK cannabis industry, however, they will definitely encounter some risks that are more attractive to underwriters than others. 

An example of an attractive risk would perhaps be operating within the CBD market, being well established, and operating as a wholesaler, white labeller, retailer, manufacturer, and similar, with a turnover of £2m or higher.

Less attractive, and that doesn’t mean uninsurable, merely that they are harder to place and will attract higher underlying premiums would be those operating in the medical arena, lower turnovers, new ventures, previous liquidations, and extraction. 

Neither of these lists are exhaustive, and each case would be assessed on its own merits. 

With that in mind, they would prefer as long a run-in as possible on each risk. Three months is ideal, but they are well aware that this isn’t always possible, so don’t fear sending enquiries with a shorter lead time.

Fortunately, all businesses, regardless of their size will require similar classes of insurance, and they can therefore offer the following to members:

• Public Liability, Employers Liability
• Products Liability, subject to underwriting considerations
• Material damage to buildings, stock, contents, plant and machinery
• Business Interruption
• Motor Fleet and individual vehicle cover
• Cargo, Goods in Transit
• Money
• Legal Expenses
• Management Liability
• Key Man cover
• Cyber Liability
• Loss Recovery