Next Wave Insurance Services Enhances Their Cannabis Insurance Program with New Carrier Partners
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The program is managed by Next Wave's Senior Vice President
The Company expects to be the premier player in the cannabis and hemp market, offering the following coverage lines: General Liability, Products Liability, Property, Crop, Excess, Equipment Breakdown and Workers Compensation. "We're excited to have the backing of our new carrier partners, particularly given the growth dynamics in the cannabis marketplace. There's been a real demand from our agents and brokers to offer a more robust program that can properly protect our insureds as they rapidly expand their operations and new businesses open daily. We recognize the opportunity to bring a greater level of underwriting discipline to this heavily regulated industry and we expect to write those accounts that understand the need for strong risk management," stated
The Next Wave program has significantly increased the coverage limits available to insureds with the former Lloyd's of
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