The cannabis industry saw a big change in its landscape in 2020. With a projected $35 billion in U.S. legal sales over the next four years, legislators, insurers and agents alike are taking notice.
“I don’t think we’re going to see an insurance change until it becomes federally legal,” says independent agent Sabrina Alkire. “I do think we’re going to see more property markets opening up, but I doubt that we’ll see any more general liability markets
“I’m starting to see more people buy these special event policies for even regular parties,” says independent agent Phillip Lewis. “I think consumers today have more of a mindset that they don’t want to be responsible for any exposure from an event, even
COVID-19 is shifting the current in the oldest form of insurance in the world. Here are four ways agents are serving their commercial marine clients.
The coronavirus pandemic presented the marine cargo insurance industry with significant challenges. When the distribution of the COVID-19 vaccinations commences, the market will be in the spotlight.
With significant losses over the last couple of years, commercial marine had started moving toward a hard market. Nevertheless, several market research firms have projected growth of $8 billion by 2024.
Defending the cost of a media liability suit can be financially devastating for a company. Its never been more important for agents to work with clients to identify potential areas of risk.
Industries across the U.S. have been adversely impacted by the global pandemic. Here are three ways the cannabis insurance industry has been affected.
More and more content is being created by social media influencers, many of whom are unaware of the extent of their liability exposure.
The product focuses on defamation, libel and slander, infringement of copyright and trademark, as well as other content-related exposures for small to medium-sized enterprises.