BRP Group Inc. said Tuesday that its Millennial Specialty Insurance LLC unit, which does business as AlphaRoot, has launched a management liability insurance program for the cannabis, hemp and CBD industries.
The program includes directors and officers liability insurance, employment practices liability insurance and fiduciary liability insurance.
Limits up to $5 million are available for D&O and $1 million for employment practices and fiduciary, New York-based BRP said in a statement.
Eric Schneider, AlphaRoot managing director and head of growth, said in the statement that coverage options are generally limited in the cannabis industry.
AlphaRoot, part of Founder Shield LLC, said Tuesday that it is offering a suite of casualty coverages for cannabis operators.