Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Pacific Daily journalist was involved in the writing and production of this article.
First-Ever Risk Retention Group for the Cannabis Industry Launches with CLIC RRG
Cornerstone Risk Solutions, a subsidiary of IMA Financial Group, today announced the launch of CLIC Risk Retention Group Inc. (CLIC RRG), the first and only risk retention group designed specifically for the unique needs of the burgeoning cannabis industry. The member-owned insurance solution is now available to cannabis-related businesses (CRBs) nationwide.
We are very proud to announce the launch of CLIC Risk Retention Group. We are the first and only insurer in the cannabis space that is owned exclusively by its policyholders, said Chris Payne, founder of CLIC RRG. This allows us to offer risk management and profit-sharing opportunities that are unavailable anywhere else in the industry.
The product represents a significant step toward comprehensive insurance solutions tailored to the needs of CRBs across the United States. CLIC members gain access to general liability and product liability coverage from anywhere in the nation, which until now has been out of reach in this high-risk, heavily legislated sector.
Tris Felix, Managing Director of Cornerstone Risk Solutions, highlighted the products significance: A member-owned insurance solution is a game-changer for CRB owners whose growth has been historically limited by lack of liability coverage. CLIC RRG owners can build and benefit from products that meet the industrys unique needs, leveling the playing field in a competitive and evolving industry.
As the cannabis industry continues to grow, Cornerstone and CLIC RRG are committed to assessing market responses and potentially introducing additional cannabis industry-specific insurance solutions.
Historically, CLIC RRG coverage lines have been profitable for carriers, yet restricted the policyholders, said IMA Vice President and Cannabis National Practice Leader Michael Hennessey. By coming together in a risk retention group, cannabis businesses set their own direction and claim their due benefit.
About Cornerstone Risk Solutions and IMA Financial Group
Cornerstone Risk Solutions, a subsidiary of IMA Financial Group, specializes in providing innovative insurance and risk management solutions. IMA Financial Group, a North American insurance brokerage firm, is renowned for its commitment to protecting assets and making a difference in the lives of its clients, associates and communities.
About CLIC Risk Retention Group Inc. (CLIC RRG)
CLIC Risk Retention Group Inc. (CLIC RRG) is a private insurance company owned by and operated solely for the benefit of participants in the legalized cannabis industry. The company serves businesses and individuals involved in the sale, manufacture, cultivation, transportation and testing of legalized cannabis-based products. The companys operations are controlled by policyholders who are licensees in the cannabis industry.
CLIC Risk Retention Group Inc.
IMA Financial Group
Center Reach Communications
View source version on newsdirect.com: https://newsdirect.com/news/first-ever-risk-retention-group-for-the-cannabis-industry-launches-with-clic-rrg-558281856
1-Tom-Plumber Emerges as One of the Top Sewer Line Contractors in Tarentum, Setting New Standards for Excellence
Spread the love Tarentum, PA – Securing prompt and reliable plumbing services can often poseRead More
Orca Roofing & Exteriors Shapes Bellevue’s Skyline with Excellent Services
Spread the love Bellevue, WA – Leading Bellevue, Washington-based roofing firm Orca Roofing & ExteriorsRead More