https://completemarkets.com/company/maximum/Cannabis/
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Comprehensive Cannabis D&O and EPLI Coverage From MAXIMUM
MAXIMUM offers a specialized Cannabis Directors & Officers (D&O) and Employment Practices Liability Insurance (EPLI) program tailored for the unique risks faced by cannabis businesses. As a wholesale broker with extensive experience in complex and emerging industries, MAXIMUM provides brokers and agents with access to both primary and excess coverage solutions—up to $10 million in limits—to help protect your clients’ leadership teams and employment practices.
Ideal Accounts and Appetite
This program is designed for licensed cannabis operations of various sizes and structures. We actively target the following classes:
• Cultivators and growers
• Dispensaries
• Product manufacturers and processors
• Retail cannabis stores
Whether your client is a startup seeking funding or a multi-state operator expanding operations, MAXIMUM can provide scalable protection that addresses their evolving exposures.
Coverage Highlights and Advantages
Our cannabis D&O and EPLI solution offers flexibility and protection for both private and investor-backed entities. Key features include:
• Limits up to $10MM, available on a primary or excess basis
• Shared or separate limits for D&O and EPLI
• Stand-alone or combined policy structure
• Coverage tailored for board members, executives, and HR-related exposures
This program helps protect against claims involving wrongful termination, discrimination, harassment, breach of fiduciary duty, mismanagement, and other common liabilities facing cannabis business leadership.
Underwriting Notes and Submission Requirements
To ensure appropriate risk assessment, MAXIMUM requires the following underwriting documentation:
• Completed cannabis-specific application
• Full business plan and operational overview
• Organizational chart (including 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 vary based on account size and risk profile.
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 offerings are through non-admitted carriers, allowing for greater flexibility in coverage terms and underwriting.
Why Work With MAXIMUM?
At MAXIMUM, we are committed to delivering smart, responsive solutions for agents working in the cannabis space. Our underwriting team understands the regulatory and reputational challenges your clients face and works closely with you to design coverage that meets their needs. We don’t settle for off-the-shelf solutions—we craft strategies that align with your client’s business goals and risk tolerance.
Have a vertically integrated cannabis operator seeking EPLI to satisfy investor requirements? Or a dispensary with a growing team concerned about employment liability? We can help you place these accounts with confidence.
Please reach out to us today by phone or email with any questions and to discuss how we can assist in this 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.