The cannabis industry is one of the most highly regulated
industries, which opens the executive leadership of cannabis
companies to scrutiny by government entities and regulators.
The risks faced by cannabis companies and their leadership
vary widely between verticals and require bespoke solutions.
IMA’s Executive Risk Practice helps executive leaders protect their companies and themselves when operating in unique verticals:
+ Billing Errors and Omissions
+ Crime, including 3rd party
+ Cyber Liability
+ Directors & Officers Liability
+ Employment Practices Liability, including 3rd party
+ Fiduciary Liability
+ Fraud and Abuse Allegations
+ Other Regulatory risks such as Stark, HIPAA, EMTALA
Blank Check/SPAC IPO Facts:
Blank check (or SPAC) companies have unique risk profiles that must be specifically addressed within the D&O insurance program. IMA routinely secures unique policy provisions, such as:
+ Built-in run-off (aka, tail) coverage
+ Extended policy periods (up to three years)
+ Waiver of “acquisition” and “change-in-control” provisions
What is at risk?
+ Company, Organization or Entity Assets
+ Personal Assets of Directors or Officers
+ Reputation of your Company or the Individual Director or Officer
+ Criminal Punishment