Cannasure Insurance Services is now providing its wholesale brokerage and managing general agent services to retail brokers representing insureds domiciled in California.
Cannasure announced it will offer property capacity of up to $40 million in total insured values as well as product liability limits of up to $5 million throughout the state. The firm is offering greater commissions with up to three points commission bonus on $300,000 premium to commemorate its launch.
The firm in March announced that it was acquired by Boston, Mass.-based One80 Intermediaries, a privately held, national firm with offices throughout the U.S. and Canada.
Following the announcement, Patrick McManamon, managing director of Cannasure, discussed the implications of the acquisition on an episode of the Insuring Cannabis podcast, saying that the plan was to eventually expand into California.
Cannasure is well known in the cannabis space. The firm provides retail insurance agents with risk assessments and product offerings, which include property, general liability, excess, professional, products and completed operations liability.
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