White Paper

Cannabis Extraction Methods – What Insurance Brokers Need to Know When Placing Coverage

In this white paper, we’ll take a closer look at cannabis extraction methods to better educate brokers when placing coverage in this rapidly expanding industry.

White Paper Summary

The cannabis industry is growing. As more insurance carriers expand coverage offerings to these types of enterprises, brokers are presented with new opportunities to put more business on the books. But the commercial cannabis industry is complex. As more brokers market to cannabis operations, there are critical areas of concern that should be addressed when considering coverage —one being extraction methods.

Given this emerging market, brokers may not have all the facts when it comes to the method of extraction a business operation is using. Moreover, extraction terminology in the cannabis industry isn’t consistent, and that can lead to issues for brokers when placing coverage and in claim situations.

To learn more about Worldwide Facilities, LLC, please visit their website.

Established in 1970, Worldwide Facilities is a national wholesale insurance broker, managing general agent and program underwriter. Our team of insurance specialists has access to virtually every specialty domestic and international insurance market.

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The R&I Editorial Team can be reached at [email protected]