BRP adds cannabis management liability insurance program

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.