Exclusive: CannGen agrees workers' comp capacity deal with Crum & Forster

By Chris Munro

March 13 - (The Insurer) - CannGen Insurance Services has inked a new capacity deal with Crum & Forster, with the Fairfax Financial-owned carrier now underwriting the cannabis, CBD and hemp industry-focused MGU’s workers’ compensation program.

In a statement to Program Manager, CannGen said the new program offers clients flexibility and streamlined claims management, while the coverage strengthens their risk protection.

“By combining our deep expertise in cannabis insurance with Crum & Forster’s proven track record in workers’ compensation, we’re delivering an unparalleled level of coverage and support that empowers cannabis operators to focus on growth with confidence,” said Cameron Ward, vice president of workers’ compensation at CannGen.

According to CannGen, at the core of the new workers’ compensation program is a simplified, tech-driven approach.

Through that tech-forward approach, CannGen policyholders can access C&F Connect, an online policy management portal. As CannGen explained, C&F Connect provides clients with claims reporting capabilities, along with self-service billing and loss control tools.

San Diego, California-based CannGen said the portal means businesses can take control of their coverage, minimise risks and stay focused on what they do best.

“For cannabis businesses navigating complex compliance landscapes, these tools provide a game-changing advantage,” CannGen stated.

The program is available to a range of clients, including independent dispensaries and multistate operators.

All cannabis, CBD and hemp class codes can access the program, with multistate and nationwide coverage offered.

Clients engaged in cultivation, manufacturing or processing, dispensary or retail, wholesale, laboratory and farm labour contractors can access the coverage offered by the program.

According to marketing materials for the workers’ compensation program, approved classifications include indoor/outdoor growers, bakeries, analytical operations, drug, medicine or pharmaceutical, security (both armed and unarmed) and wholesale stores, among others.

CannGen said “the enhanced program” is available to operators across all 50 states, and provides clients with access to three different writing papers offered by AM Best A rated Crum & Forster, giving them flexible pricing for different types of risk profiles.

The program also provides optionality with guaranteed cost and loss-sensitive options.

CannGen, which launched in 2008, says it was the first MGU focused exclusively on the legal cannabis industry.

Alongside its workers’ compensation offering, CannGen writes other primary coverages in the U.S. including property (both crop and stock), general liability, products liability, commercial auto, motor truck cargo, management liability and excess liability.

Those coverages are written on capacity provided by what CannGen describes as “AM Best 'A' rated carrier and reinsurance partners”.