M.J. Hall & Company, a wholesale insurance brokerage serving the western United States, has announced that it now has access to a carrier for cannabis directors and officers liability, employment practices liability, and fiduciary liability insurance coverages thanks to a partnership with an AM Best A-rated insurer.
The product provides coverage tailored to the needs of the cannabis industry, M.J. Hall & Company said. The brokerage’s expansion into D&O, EPL and FL allows the corporate cannabis industry to access a comprehensive suite of coverage.
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“M.J. Hall & Company is thrilled to be expanding our offerings with this new product,” said John Donahue, president of M.J. Hall & Company. “With this offering, M.J. Hall & Company has the rare ability to offer comprehensive cannabis coverage at the enterprise level, bringing new value to our existing customers and offering unparalleled coverage opportunity for new businesses.”
Details of the policy include:
- Admitted insurance policy where available
- Primary and/or excess coverage available
- Limits up to $5 million for qualifying risks
- Prior unknown acts coverage available
- Broad definition of cannabis.