Specialty

As the legal landscape evolves, so too does the establishment of cannabis-related businesses that require insurance coverage.

The rapidly evolving landscape of cannabis legalization and the increasing use among workers has many implications for agents who have never worked on providing such coverage.

“I consider myself an expert in regard to cannabis business operations and understanding all the business tiers—growing, laboratories and dispensaries,” says independent agent Tyler Cline. “Pairing that with my years of experience in the insurance industr

As carriers introduce new targeted exclusions and restructure existing special event policies, agents who want to grow their business must stay up to date.

Record sales of recreational boats mean more inexperienced people are taking to the waters, raising concerns for agents and carriers.

There have been numerous changes in the special events insurance industry. Here are three ways agents can assist clients to become better prepared.

While special events are expected to continue to be scheduled through 2022, the ramifications from the pandemic may continue to haunt the industry.

As some companies physically reopen and look to have employees return to work in some form or other, there are numerous logistical matters to consider.

“Contractors pollution liability terms and pricing continue to remain competitive, but site pollution liability is another story,” says independent agent Bill Howard. “Markets are certainly more conservative and carriers are offering short-term policies.”

The advent of environmental, social and governance (ESG) programs has created opportunities for agents as the information for evaluating such risks is more readily available.