“as An Insurance Company, You Could Limit Your Own Exposure To Loss By Introducing Certain Policy Exclusions Or Limitations.

Naturals market is ‘really good parallel’ to emerging pot industry There are lots of lessons to be learned from going back and researching what was done in the naturals market and what kind of experience Medical marijuana they had. “Over the years, new laws and regulations were introduced, which helped to create better naturals products. They have introduced their own standards and overcome a lot of hurdles which I think are parallel to the cannabis industry.” Celebrate excellence in insurance. Join us for the Insurance Business Awards in Chicago . A huge challenge looming over the cannabis market is the issue of product liability and insurers backing away from the unknown risks. But there’s a “ton of exposure” and a “great opportunity to earn money” for those willing to get involved, according to Landrum. “Cannabis product liability is a low frequency, high severity exposure,” she said. “As an insurance company, you could limit your own exposure to loss by introducing certain policy exclusions or limitations. “Insurance policies are usually issued on an annual basis, so if, for some reason, you experience a loss, it’s not necessarily a bad thing. It can be good to generate some information, so having some loss might be better than having no loss.” As the cannabis insurance market grows, more data will become available.

To read more visit http://www.insurancebusinessmag.com/us/news/cannabis/naturals-market-is-really-good-parallel-to-emerging-pot-industry-83440.aspx

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