The National Underwriter Company is launching one of the first certifications for insurance agents, brokers, risk managers and professionals who advise cannabis-related businesses.
ALM business, the National Underwriter Company is launching the Cannabis Insurance Coverage Specialist (CICS) certification for the needs of insurance producers, agents, risk managers, and those in various areas of the cannabis business.
The CICS is the most complete professional learning programme available for industry professionals seeking to master the complex and ever-evolving subject of cannabis insurance coverage.
Created by ALM’s subject matter experts and thought leaders, in conjunction with multiple insurance, legal and cannabis industry experts, the programme will offer an introductory course with real-life case studies, Cannabis Insurance 101, and lessons on risk management, real estate issues, product liability and claims, cannabis issues for business advisors, including financial services professionals and attorneys and medical and health issues surrounding the use of cannabis, including workers’ compensation and employment law concerns.
Molly Miller, ALM’s chief content officer, commented: “We wanted to create a forward-thinking certification that would benefit professionals serving the cannabis industry, as well as growers, suppliers, manufacturers, dispensaries and others who are a critical aspect of this still evolving industry.
“These courses will focus on providing an in-depth look at the challenges and opportunities businesses face daily.”
“Businesses in the cannabis industry face many of the same daily issues as other enterprises, but with some unique challenges due to cannabis still considered a Schedule 1 substance,” commented Kieran J. O’Rourke, vice president and director of underwriting for Cannasure Insurance Services, a subsidiary of One80 Intermediaries.
“Educating the insurance industry about these unique risks allows carriers to better serve these expanding businesses.”
Cannabis Insurance 101 and the certification programme are approved for continuing education credits in a number of states in America.