(March 28, 2024) – Today, RB Jones announced the launch of a new Cannabis In-Transit offering. The product, backed by Atain, an ‘A’ rated insurance company, will deliver coverage for both facility owners and third-party transportation companies.
“The Cannabis sector remains challenging given the varying regulatory conditions nationwide, coupled with numerous gaps and exclusions from existing insurance products,” said Mark Engel, Senior Vice President and Managing Director, RB Jones. “The RB Jones Cannabis In-Transit solution fills an immediate need for an industry that is severely underinsured.”
The product provides for a broad appetite that includes all cannabis, hemp and CBD products. Target classes span the entire supply chain, from growers, cultivators and hemp/CBD manufacturers to distributors and dispensaries.
“Today there is no other offering for those in the Cannabis industry as comprehensive as our In-Transit solution,” added Engel. “We have the expertise within the RB Jones Life Sciences portfolio to assist clients in navigating the Cannabis risk complexities and provide improved protection for their insureds.”
Click here for a full overview of Cannabis solutions available, including Commercial General Liability, Property and Products Liability.