https://completemarkets.com/company/maximum/Cannabis/
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Comprehensive Cannabis D&O and EPLI Coverage From MAXIMUM
MAXIMUM provides a specialized Cannabis Directors & Officers (D&O) and Employment Practices Liability (EPLI) program designed for the distinct regulatory, reputational, and operational risks faced by licensed cannabis businesses. As a wholesale broker with deep experience in emerging and complex industries, MAXIMUM provides agents access to primary and excess capacity—up to $10 million in limits—so you can protect executive teams and employment exposures with flexible solutions.
Ideal Accounts and Appetite
The program targets licensed cannabis operations across the value chain. Typical classes we write include:
• Cultivators and growers
• Dispensaries and retail cannabis stores
• Product manufacturers and processors
We place both early-stage, investor-backed startups and established multi-state operators. MAXIMUM is well-suited for vertically integrated operators, retail chains, management teams with outside investors, and any licensed entity that needs D&O and/or EPLI protection to support growth or satisfy investor due diligence.
Coverage Highlights and Advantages
MAXIMUM’s Cannabis D&O and EPLI solution offers flexible structures to match an account’s size and risk profile. Key benefits include:
• Limits available up to $10MM on a primary or excess basis
• Choice of shared or separate limits for D&O and EPLI
• Available as stand-alone D&O or EPLI, or combined on one policy
• Coverage tailored for board members, officers, and HR-related employment exposures
The program addresses claims commonly seen in the sector, including wrongful termination, discrimination, harassment, breach of fiduciary duty, shareholder disputes, alleged mismanagement, and other employment-related allegations that can threaten leadership and investor confidence.
Underwriting Notes and Submission Requirements
Underwriting focuses on governance, financial stability, ownership structure, and any prior employment or management litigation. Required submission items include:
• Completed cannabis-specific application
• Full business plan and operational overview
• Organizational chart (include parent companies and subsidiaries)
• List of board members and executive team
• Capitalization table and ownership structure
• Current and pro-forma financials, private placement details, and funding sources
Retentions begin at $25,000 and may increase depending on account size, revenue, prior losses, and claim history. Be prepared to provide details on investor relationships and any prior regulatory actions or employment claims.
Territories and Availability
This program is available in most states where cannabis is legalized or regulated. We currently write business in the following states:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY
Most placements are written through non-admitted carriers, giving underwriting flexibility to craft terms that fit the account’s specific exposures.
Why Work With MAXIMUM?
MAXIMUM combines market access with cannabis-specific underwriting knowledge. Our team helps agents structure placements that address investor requirements and regulatory scrutiny while delivering practical, tailored wording. We prioritize responsive service, collaborative underwriting, and solutions that evolve with a client’s operational footprint.
Example account scenarios you might place with this program:
• A vertically integrated operator seeking combined D&O and EPLI coverage to satisfy investor due diligence during a funding round.
• A single-state dispensary with a growing staff and recent employment allegations that needs a stand-alone EPLI policy or a combined solution to protect management and reduce investor concerns.
Please reach out to us today by phone or email with any questions and to discuss how we can assist in this placement process.
Frequently Asked Questions
What types of accounts are a good fit for this program?We target licensed cannabis businesses including cultivators, dispensaries, manufacturers, and retailers. Both startups and established operators are eligible.
Can I submit an account with both D&O and EPLI exposures?Yes, we offer stand-alone or combined D&O and EPLI policies with shared or separate limits, depending on your client’s risk profile and needs.
What documents are required for underwriting?We require a cannabis application, business plan, organizational chart, executive team list, financials, ownership structure, and funding details.
What is the minimum retention?Retentions start at $25,000 but may vary based on the size and complexity of the account.
Is this program available in all states?No, but we write in most states where cannabis is legal. Please check our list of eligible states or contact us for specific state availability.
Need help placing an account? Connect with a market specialist.