Aspera offers D&O solutions for cannabis businesses
Posted on November 15, 2022
Cannabis Coverage from Seed to Sale
Including Directors & Officers
During a chamber of commerce networking event, an agent appointed with Aspera met a business owner in the final stages of raising capital for his latest business venture. As a condition of closing on the funding, the owner would need to find D&O coverage.
D&O coverage is normally easy to find through standard markets. In this situation – coverage for a cannabis business with multiple operations, including cultivation, manufacturing, and dispensing – finding the right policy was extremely difficult.
Fortunately for the business owner, his new business contact knew about D&O coverage options through Aspera. We found coverage that accommodated the multiple operations and satisfied investor requirements for capital funding.
Do you need help finding coverage for your hard-to-place clients? Visit asperains.com and learn more about our appetite for hard-to-place commercial risks, including marijuana-related businesses.