Cannabis
As a licensed cannabis producer, your goal is to see your operation grow and to tap into new and exciting opportunities. The green gold rush is making its way across the nation, and you are ready for its impact. From seed to harvest and sales, you know that today’s cannabis industry offers a wealth of untapped possibilities.
Canadian Cannabis Retailers Insurance Program (CCRIP)
Discover your coverage solutions
Worrying about your crop is your first priority as a cannabis business owner. That is why you need custom protection designed to handle daily challenges, including transportation, financing, inspections and product liability.
BFL CANADA is your ally in assessing and managing the risks inherent in your market exposure, whether you are looking to make a splash nationwide or worldwide.
Our knowledgeable brokers will take the time to meet you and your facilities in order to provide a thorough risk assessment. With BFL CANADA custom coverage solutions, you will have the protection you need to run a prosperous cannabis space.
U.S. MARKET EXPOSURE
Coverage in the United States is still very challenging because cannabis is still illegal at the federal level. This prevents most insurers and banks based in the United States from participating in the risk. This also applies to the financing of premiums. That said, our reach through international partnerships with Lockton Global LLP allows us to potentially help bridge some of the challenges with the U.S. Market where permitted by law.
DIRECTORS AND OFFICERS LIABILITY AND EXECUTIVE RISKS
Accessible for companies domiciled in Canada without sales in the United States.
PRODUCT LIABILITY
Provides you solutions to cover the risks of the product from start to finish. This includes compliance certification as well as construction policies for base-level facilities and a full range of seed coverage for sale, including but not limited to:
- marijuana medical clinics;
- processors and manufacturers;
- owners and landlords of growing/related facilities;
- cannabis industry consultants;
- research and development as well as testing laboratories;
- clinical trials, medical facilities dedicated to cannabis (physicians and clinics), and
- medical professional errors.
Representatives available across Canada
The BFL CANADA advantage in a competitive market
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.
WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?
We are insurance brokers, we don’t work for an insurance company.
- We negotiate on your behalf to get the best protection, rate and deductibles.
- We work with you to develop tailor-made solutions adapted to your reality.
- We deal with all major insurers that specialize in your industry.
- We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
- We are solution seekers for companies of all sizes and every industry.
At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.
