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Expertise. Solution. Service. 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.

Expertise. Solution. Service. MAXIMUM's Beauty Salons and Barber Shops program is a wholesale broker market designed for agents placing salon, barber and individual beauty professional risks. The program combines flexible limits, simple rating for professional services, and value-added business services to help you place accounts efficiently and competitively. Available Limits: • General and professional liability limits up to $1 million/$2 million • Property limits up to $3 million (subject to coastal guidelines) • Hired and non-owned auto up to $1 million • Excess/umbrella up to $5 million Preferred Business: • Risks with revenues up to $3 million • Eligible classes include, but are not limited to: • Barber shops • Independent contractor beauticians/barbers/manicurists/massage therapists • Beauty parlors and hair styling salons Ineligible Risk Characteristics: • Located in AK, LA, or WV • Hair removal by electrolysis • Eyelash extensions • Student operators • Products sold under the applicant’s own name or label Product Advantages: • No liability deductible • Rated on the number of professional operators • Automatically includes professional liability for services such as waxing and massages • Chair or booth renters are considered named insureds under the salon’s professional liability • No designated premise restriction • Ability to consider: • Up to 4 tanning beds • Incidental massage services • New ventures • Access to Business Solution Vendors, including: • Human Resources services • Pre-employment and tenant screenings • Identity Theft protection • Marketing resources Ideal Accounts and Appetite This program is best for independent salons, barber shops, and self-employed beauty professionals with annual revenues generally up to $3 million. MAXIMUM will consider single-location and small multi-location operations where exposures are limited to routine beauty and grooming services. Typical fits include: Neighborhood barber shops and full-service hair salons Salons that rent chairs or booths and engage independent operators Establishments offering waxing, nail services, styling, and incidental massage Underwriting Notes — What Will Trigger a Decline Underwriters will typically decline accounts with high-risk or specialized procedures that fall outside routine salon services. Key ineligibilities include: Locations in Alaska, Louisiana or West Virginia Hair removal by electrolysis and eyelash extension services Student-run operations and businesses manufacturing or selling products under their own label Coverage Strengths and Practical Advantages MAXIMUM’s program is structured to make placement straightforward for agents: No liability deductible — improves competitiveness for small business accounts. Professional liability included automatically for common salon services such as waxing and massages. Chair/booth renters are treated as named insureds on the salon’s professional liability — simplifies cover for shared-space arrangements. Rated by number of professional operators — easy quoting for mixed-staff models. Ability to consider limited ancillary exposures (up to four tanning beds, incidental massages) and new ventures. Territories and Admitted Status Availability: Most Available States. This program is available through MAXIMUM as a wholesale broker in the following jurisdictions: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, 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, WI, WY. Check state-specific eligibility and coastal property guidelines for property limits. Example Accounts You have a single-location hair salon with three stylists, offering color, cuts, waxing and occasional chair renters — this program can provide GL and professional liability with no deductible and treat the renters as named insureds. A neighborhood barber shop with one towing-owned vehicle exposure for product deliveries and revenues under $1 million — the program’s hired/non-owned auto limit and the GL/PL package can be a straightforward option. 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 salon and barber risks are a good fit for MAXIMUM’s program?Small to mid-sized salons and barber shops with routine services (cuts, color, waxing, nails, incidental massage) and revenues generally up to $3 million. Chair or booth rental arrangements and new ventures are also considered. Are professional liability and chair renters covered?Yes. Professional liability for common services (including waxing and massage) is included automatically, and chair or booth renters can be listed as named insureds under the salon’s professional liability. Which exposures are ineligible under this program?The program excludes locations in AK, LA, and WV, as well as operations offering electrolysis, eyelash extensions, student-run shops, or businesses that manufacture and sell products under their own label. What are the primary limits available and important underwriting considerations?Typical limits include GL/PL up to $1M/$2M, property up to $3M (with coastal restrictions), hired/non-owned auto up to $1M, and umbrella up to $5M. Policies are rated by number of professional operators; property coastal guidelines and state availability may affect acceptance and limits. Need help placing an account? Connect with a market specialist.

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