Crawford develops cannabis service solution

Claims and risk management solutions provider Crawford & Company (Canada) has created a new service solution to meet the needs of the emerging cannabis market.

The claims management developer came up with the service solution in time for the legalization of recreational cannabis, foreseeing “a level of risk” – tied to the impending mainstream accessibility and usage of the substance – that has to be managed by both employers and the insurance community.

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According to a release, the service solution was developed to process potential risks related to cannabis, such as residential and commercial property losses, as well as automobile losses. Crawford’s solution also includes employee risk management, forensic accounting and legal services.

“The legalization of cannabis in Canada is a recent development that we will have to address from within the insurance community and outside,” said Crawford & Company (Canada) president and CEO Pat Van Bakel.

Van Bakel offered some potential risks that the claims solution can handle, such as:

• Property damage or theft around the growth of plants at residential properties
• The management and transportation of cannabis grow-ops (from a commercial standpoint)
• Automobile incidents as a result of cannabis usage
• Overall employee management addressing medical and recreational use of cannabis

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