Insurance Coverages

MAJOR ANNOUNCEMENT

The NCRMA, in keeping its commitment to its members, is pleased to announce the launch of the first of several cannabis insurance products. This initial introduction represents the first of a number of offerings that will better serve and protect the NCRMA membership and while freeing up dollars to be used to grow and expand their businesses.

INSURANCE OFFERING BY CONWAY E&S, EXCLUSIVELY FOR NCRMA MEMBERS THROUGH NCRMA APPROVED RETAIL BROKERS.

PRODUCT HIGHLIGHTS: FOR LICENSED STORES AND DISPENSARIES FOR COVERAGE EFFECTIVE STARTING ON AUGUST 1ST, 2019.

– Medical and adult use

– Property, General & Products Liability, and Excess Liability

– Carrier Partner rated “A 11” by A. M. Best & Company

– $10m property limits available including Equipment Breakdown

– First Dollar General and Products Liability

– Up to $5m/$5m Excess

– “Clean and Clear” policy forms and endorsements

– Customized Safety & Loss Control services with ProTect-All Solutions!

Manage Your Risk with our Trusted Advisors

The NCRMA’s influenced insurance offering will be the only product in the industry built and designed with extensive membership input.

The insurance will be available through members’ retail insurance brokers. If they do not have an appointment to distribute this product yet, encourage them to visit our Insurance Brokers Page.

The extensive education and promotion of robust risk management practices will result in a lower claims rate by the member policy holder. This lower claims history will ultimately translate into higher policy coverages per premium dollar spent by these members.

NCRMA TIMELINE

OCTOBER 2019

Eszter Farkas, J.D., Regional Director – West joins the NCRMA. Eszter is located in Las Vegas, NV.

 

SEPTEMBER 2019

Tamala McBath joins the NCRMA as the Chief Execution Officer.

 

SEPTEMBER 2019

NCRMA reorganizes the structure to best accommodate geographical locations demands of staff

 

SEPTEMBER 2019

Jane Holland joins the NCRMA on a permanent role as Director of Operations, CFO.

 

JULY 2019

On July 1st, The NCRMA sanctions its first insurance product consistent with its mission and vision.

 

MAY 2019

Sandy Levenduski joins the NCRMA as Manager of Marketing and Member Services

 

april 2019

Dawna Capps-Evans joins the NCRMA as Executive Director

 

MARCH 2019

Product development influence initiated through appointment of Brian Nelson as an NCRMA Board Member

 

february 2019

Rocco Petrilli named interim Executive Director of the NCRMA

 

january 2019

Rebranded our NCRMA logo and messaging to fit our risk management focused mission

 

december 2018

Created Partnerships with Law firm, Tucker Arensberg; Accounting and Tax firm, Indiva Advisors; and Licensing firm, Tetra Growth Systems

 

november 2018

NCRMA Advisory Board formed to allow for easy input from our Members into our product creation

 

september 2018

Committed to the Broker Distribution Channel to offer insurance through trusted, appointed retail brokers

 

august 2018

Narrowed association focus to a Comprehensive, Collective, and Affordable insurance offering

 

june 2018

Added exclusive NCRMA payment processing Partner, Pineapple Payments

 

April 2018

Developed first Public Policy Agenda

 

February 2018

Began market research and Beta launch at Cannabis Industry trade shows

 

december 2017

Added founding Service Partners, ProTect-All and FifthWall Solutions

 

november 2017

Incorporated as 501 (c) 6 Trade Association

 

Members are kept up to date on risk management
products and given priority access to all featured offerings
from the association and our service partners.