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Ask Your Peers  Financial services office for cannabis industry (Closed)


Julia Murakami, None - Los Angeles, CA 90012
Reputation: 79 - Total posts: 5
Looking for GL (or BOP) + D&O/E&O for start up financial services business for the cannabis industry.
This is a tough placement as we get declines because financial service exposure from markets willing to write cannabis-related accounts or for cannabis for markets willing to look at financial services.
Offices are in SoCal with their customers primarily in Washington with plans to expand to Oregon and, eventually, Colorado.
ANY help, recommendations, suggestions will be much appreciated.

Thank you ~
Julia
10 year(s) 10 month(s) ago
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Chautauqua Wesley, Insurance Solutions - Roanoke, VA 24019
Reputation: 1083 - Total posts: 162
I use AllRisk for ours
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Katherine Greeno, Northern Insuring Agency, Inc. - Plattsburgh, NY 12901
Reputation: 10 - Total posts: 2
I'm not sure if you've already tried them, but Cannasure Insurance Services might be willing to take a look at it (although I'm not sure about the financial service exposure aspect, but it's worth a shot because they do say that they can provide quotes for ancillary businesses). Their number is (800) 420-5757.
10 year(s) 10 month(s) ago
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Jim McErlean, NSM Insurance - Redondo Beach, CA 90277
Reputation: 376 - Total posts: 49
Hi Julia! We have a number of (domestic) markets we specifically place for the cannabis industry. Please send your submission to Arran Auld of ELM Insurance or reach out to him for a specific/supplemental application: [email protected] - phone 949-334-4091.

Jim McErlean
NSM/ELM Insurance
[email protected]
310-341-7344
10 year(s) 10 month(s) ago
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Nancy Elias, CompleteMarkets - Big Bear City, CA 92314
Reputation: 4229 - Total posts: 335
Hi Julia, 

You've gotten some great recommendations! Thank you John, Katherine and Jim for your help!
However I still went ahead and did a search and found a couple of companies that write Financial Services in California. I would go ahead and send the a submission to find out if they can write such risk.

Good luck!
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