M.J. Hall & Co. is now offering directors and officers liability, employment practices liability and fiduciary liability insurance coverages to cannabis companies and their executives through an admitted product in California and Arizona.
The California Department of Insurance recently approved the product rates and forms. The product, Execprotect, aims to provide comprehensive management liability coverage for directors and officers of cannabis businesses.
Execprotect is available in all U.S. states where cannabis is legal and is offered on an admitted basis in California and Arizona. Privately held companies with revenues of less than $1 billion, fewer than 1,000 employees and risks domiciled within the U.S. may be eligible for coverage, including startups and new ventures.
The product offers limits up to $3M for qualifying risks.
M.J. Hall in February introduced directors and officers liability, employment practices liability and fiduciary liability insurance coverages for cannabis business owners.
San Francisco, California-based M.J. Hall is a wholesaler that represents more than 75 insurance carriers.
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