CHES Special Risk | Best Insurance Providers in Canada

  CHES Special Risk  is adding new capacity to its insurance solutions for cannabis businesses, creating a more comprehensive offering that covers more exposures. The managing general agent is now offering property and product Cannabis Contamination Insurance to its insurance suite for cannabis business owners. “The timing is perfect for the release of this product as some insurers that were in the market previously, are pulling out,” said CHES Special Risk president and CEO Gary Hirst. “This gives brokers the opportunity to provide much-needed insurance solutions to their policyholders. All from the same provider, in four different risk areas in which the industry operates.” The full suite of cannabis insurance products that brokers can access through CHES Special Risk are: Property coverage Commercial general liability coverage Product liability coverage Product contamination coverage Construction of a cannabis facility According to CHES, these pr...

CHES Special Risk   has rolled out a new   cannabis insurance   offering for businesses in the cannabis industry. The managing general agent (MGA) has created specialty insurance solutions for the industry in response to brokers asking for help with very specific cannabis insurance and licensing-related concerns. CHES also said that its insurance solutions have been designed to suit a wide variety of businesses in the cannabis sector, such as cultivators, third party processors, micro-growers, cannabis-related product manufacturers, wholesalers, distributors, laboratories and research, the medical cannabis sector and ancillary industries like CBD oil manufacturers. According to CHES Special Risk president and CEO Gary Hirst, the cannabis industry has been severely impacted over the last few months — even the big commercial producers took a hit. But CHES is more than prepared to serve their financial security needs. “We are particularly well-positioned to help cannabis pro...

Cannabis is a rapidly growing industry and manufacturing and selling the substance for recreational purposes — in all forms — has been legal since last October. But because of government-mandated insurance requirements, it has proved challenging for Canadian cannabis businesses to find the insurance coverage they need. The cannabis sector is not new in Canada, after all the substance has been legal for medical purposes since 2001. And in many ways, that paved the way for recreational  cannabis insurance  products. But what is new is the manufacturing, distribution and retail of recreational cannabis. While the federal government wrote cannabis laws and regulations, it gave provinces and territories the authority to decide how the product is sold, including where stores can be located, how they are operated, who is allowed to sell cannabis — and how much insurance businesses have to carry. For the cannabis sector, manufacturers and retailers alike, procuring insurance is still ...