Specialty

As natural disasters become more frequent and more costly, insurance carriers are experiencing an increase in the frequency and severity of environmental claims.

For many of the small business owners who have entered the retail cannabis market, ensuring they have the correct type and sufficient levels of insurance coverage may not be top of mind.

As states expand legalization, the demand for cannabis is growing, creating both opportunities and challenges for independent agents to enter the market.

Vantage Risk has extended its contractors pollution liability and professional liability offerings to environmental contractors and consultants.

Independent agents can make sure their public entity clients understand their risks and have the insurance protection they need at a price they can afford.

Couple the unique risk exposures of public entities with continued economic challenges such as inflation and labor shortages, and “Groundhog Day” may be set to continue.

The product is a streamlined site pollution liability policy providing coverage enhancements that are relevant to middle market and Fortune 1,000 companies.

Agents are in a strong position to work with carriers to provide coverage and can be most effective when they specialize and comprehend all aspects of the event their client is seeking coverage for.

Special events insurance coverage for small events has returned to normal after the COVID-19 pandemic—but for certain larger events, the way things used to be is no longer achievable.

David Garcia, president of Rancho Mesa Insurance Services Inc. in San Diego, California, transitioned from a career in professional baseball to becoming the founder of a Best Practices agency with a unique approach to specialization.