New executive protection program to cover cannabis and hemp business – InsuranceNewsNet

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BRENTWOOD, Tenn., August 23, 2022 /PRNewswire/ — SafeHerb, a division of Specialty Programs Group, LLCis launching a new executive protection insurance program for the cannabis and hemp industry as an expansion of their current property and casualty insurance capability to meet the growing needs of their customers.

SafeHerb’s new program will include directors’ and officers’ liability, employment practices liability, fiduciary liability and criminality for private cannabis and hemp businesses. Coverage is produced and underwritten using Insurance company specializing in obsidian (“Obsidian”), a specialized carrier that carries an “A-” (Excellent) AM Best Evaluation.

“This is a great addition to our P&C insurance program, where we’ve also more than doubled our liability and ownership capacity available to our exclusive producer network,” said Kramer HendricksCIC, CPL, Vice President of SafeHerb.

Guillaume JewettCEO of Obsidian, said, “We are proud to partner with SafeHerb on this exciting new product offering to address a growing market need.

SafeHerb coverage is available in all 50 states, plus washington d.c. through the Company’s exclusive agent network backed by Obsidian security. For more information about our Executive Protection Program, please contact Kramer Hendricks at [email protected]. To become a SafeHerb Authorized Partner, go to: SafeHerb.com

About SafeHerb

SafeHerbdivision of Specialty Programs Group, LLC, provides comprehensive property damage protection to those involved, from seed to sale, in the cannabis and hemp industries. SafeHerb offers comprehensive, customized risk solutions through an “A-” rated carrier AM Best, Obsidian. For more information or to become a SafeHerb Authorized Partner, visit: SafeHerb.com.

About Specialty Program Group

Based at Summit, New Jersey, Specialty Program Group is a fully licensed holding company created to acquire and develop the best insurance underwriting facilities and specialist businesses across North America. SPG has 17 companies in its portfolio and represents more than 1.8 billion in premiums. For more information, please visit www.specialtyprogramgroup.com.

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SOURCE SafeHerb

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