CannGen Cannabis Program: New Carrier Partner & Enhanced Coverage Offering
To Our Valued Producers:
We are pleased to report some additional program modifications and enhancements to our CannGen Cannabis Program. Effective May 1st, we will be offering the following:
- 3rd Party Care, Custody, and Control Coverage – Warehouseman’s Legal Liability ($1M Limits)
- Increased Limits on Property Enhancement forms A, B, and C
- Property in Transit now up to $100k
- No theft sub-limits
These changes apply to new and renewal policies with effective dates of 5/1 and forward.
New Cannabis Cargo Program: To augment our new auto program, we are rolling out a Cannabis Cargo solution that will cover not only the property in transit, but cash and securities as well – up to $250k on a combined per load basis. We should be ready to quote accounts within the next 30-45 days.
Cannabis Worker Comp Enhancement: We will soon be announcing an innovative Pay-As-You-Go “PAYGO” program with our new subsidiary, Next Wave Payroll Solutions. The PAYGO program will allow cannabis operators to bundle their worker’s comp premiums with their payroll processing. This will be a huge benefit to your clients who are looking for ways to streamline some basic operations faced by all businesses. Stay tuned for further details!
We appreciate your continued support as we work to expand the products and services we bring to your clients in the cannabis industry.
Next Wave and CannGen Management