Cannabis Businessowners Policy (CannaBOP) News

M.J. Hall & Co. Expands Admitted Cannabis Insurance Product into Arizona

M.J. Hall & Co. has introduced an admitted cannabis insurance product in Arizona. March 8 is the effective date for the Cannabis Businessowners Policy (CannaBOP) in Arizona, which the wholesale insurance brokerage company said is the first such insurance coverage …

AAIS Expands Cannabis Businessowners Policy into Nevada

The American Association of Insurance Services has expanded its admitted Cannabis Businessowners Policy program in Nevada. The Nevada Division of Insurance approved AAIS’s CannaBOP on Dec. 24, 2019. The cannabis industry continues to grow and mature as states legalize and …

Covering Cannabis Risks on a BOP

Back in June 2018, AAIS filed its first CannaBOP policy to provide admitted markets a BOP that would cover the unique risks associated with cannabis businesses. While the admitted market has yet to fully embrace the cannabis businesses, this policy …

AAIS Expands Cannabis Businessowners Insurance Policy to Colorado

AAIS (the American Association of Insurance Services), the only national not-for-profit insurance advisory organization governed by its member companies, has expanded its Cannabis Businessowners Policy (CannaBOP) program with a new filing in Colorado. CannaBOP debuted in California last year and …