The brand new product can cowl intrastate or interstate transportation of assorted gadgets
Canopius Group, a worldwide specialty traces reinsurer, has introduced additions to its hashish insurance coverage product choices. The brand new merchandise will cowl intrastate or interstate transportation of things as allowed by federal, state, and native legal guidelines.
“Canopius stands on the forefront of this discipline, empowered by our specialised experience to tailor our program to the distinct wants of every shopper and market,” stated Dan Oldham, head of economic transportation at Canopius.
“Our meticulous alignment with state-specific authorized frameworks and federal laws underscores our deep dedication to this rising business,” he added.
What are the additions to Canopius’ hashish insurance coverage product choices?
The brand new hashish transportation insurance coverage product providing contains owned items, non-owned items, and money. Canopius will now offer a mixed product for companies that has protection choices that embrace property, legal responsibility, and transportation. It goals to help a variety of hashish companies in states the place medical and leisure adult-use is authorized.
“This necessary milestone not solely alerts Canopius’ progress within the hashish specialty space, but additionally reshapes the panorama for the insurance coverage business,” stated Coleman Johnson, chief underwriting officer for the US & Bermuda.
“Our dedication to pioneering merchandise mirrors our resolve to help the hashish sector with custom-made options,” he added.
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