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Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.

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CannaBOP coverage The CannaBOP program provides uniform and detailed coverage for a range of companies involved in cannabis-touching businesses. (Photo: Shutterstock)

Businesses operating in the rapidly growing cannabis industry have a new option for insurance coverage in Nevada. Just before the end of 2019, the American Association of Insurance Services (AAIS) expanded its Cannabis Businessowners Policy (CannaBOP) into Nevada, where the program received approval in just four days following its submission to the Nevada Division of Insurance.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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