Cannabis Industry Risks

We offer a holistic approach to Cannabis Industry Risks including all lines of coverages. We often carve-out aspects of each risk to create improved overall programs. We are proud to have become the largest wholesale broker of Cannabis risks, with expertise including:

Property

All risks of physical loss or damage to any owned property, including but not limited to greenhouses, manufacturing facilities, indoor cultivation, distribution facilities, dispensaries.

Workers Compensation

All Cannabis Class Codes included. New Venture / New Hire accepted – as well as Mid term moves. We offer monthly reporting and billing as well as competitive base rates.

Cargo and Stock Throughput

Foray was the first to market with a cradle-to-grave stock throughput program for the cannabis industry offering leading premiums and selling price valuation

Cash-In-Transit

Up to $5m limits for cash while in transit and up to $25m vault risks.

Products Coverages

Product Liability up to $10m in available limits

Premise Liability

Builders Risk

Target Classifications:

Cultivators

Wholesale Distributors

Laboratories

Processors / Harvesters

Transporters and Delivery

Manufacturers

Dispensaries and Retail

Other Coverages:

Commercial Auto (Primary/Excess)

Parametric Crop / Living Plant

Cyber Liability

Directors & Officers

Employment Practices Liability

Crime

Professional Liability

Surety (Tax Bonds, Destruction Bonds, License Permit Bonds)

Kidnap & Ransom

Matthew Lopez

Matthew Lopez serves as Foray’s Cannabis Practice Leader with particular expertise in Property, Cargo & Stock Throughput, Cash in Transit, Builders Risk and Liabilities. Prior to joining Foray, Matthew led Cannabis divisions in several wholesale brokerage firms and well recognized as a pioneer the Cannabis Insurance Industry. Prior to insurance, Matthew served honorably as a United States Army Officer with deployments around the world.