Aura offers holistic solution for the cannabis insured, opportunity for producers to gain market share
GAINESVILLE, FLA – September 20, 2022— Aura Risk Management (Aura), a Member of The Liberty Company Network of Insurance Brokers, announces the launch of Indisure, a new insurance program created exclusively for cannabis companies in all 38 legalized U.S. states. With the support of an AM Best ‘A-’ carrier partner, Aura’s Indisure Cannabis Program offers a complete coverage solution with capacity for all aspects of the cannabis industry, including General Liability, Property, Products Liability and Cargo.
“With Indisure, we aim to provide the marketplace with products that create solutions for cannabis business owners. We are thrilled with our program partner, a best-in-class carrier, along with our strong panel of reinsurance partners that have made this possible. We look forward to helping our distribution partners with a great product to strengthen their portfolios,” said Tony McIntosh, President, Aura
Aura’s primary goal, as a Delegated Underwriting Authority (DUA) Managing General Agent (MGA), is to provide its trading partners with a healthy and profitable portfolio of cannabis businesses and to support insureds with products that provide solutions to their business exposure. As part of the program, Aura diligently underwrites its portfolio and requires insureds to be members of its risk management association. As a member of the association, clients will have access to helpful resources in support of safety and health and loss control, in addition to a litany of other value-added benefits including compliance support and a yearly industry event.
Aura’s new Indisure Cannabis Program also guarantees an exceptional customer experience with modern, digital technology for ease of use, quick turn-around times, higher General Liability limit capacity, higher Property capacity with no coinsurance available and broader Products Liability and Cargo coverage and capacity.
“I am excited to bring this much needed new capacity to the undeserved cannabis industry. The cannabis industry is filled with remarkably talented entrepreneurs with hard working employees,” said Vance Ownbey, Chief Underwriting Officer, Aura Risk.
The program allows for a mix of acceptable classes including medical dispensaries/recreational stores, wholesale cultivators, infused product manufacturers, testing labs, transportation/delivery and ancillary technology and products companies, and Property coverage considerations are available for the following:
• Cannabis Packaging
• Automated Nutrient Delivery Systems
• Surveillance Cameras and Equipment
• Extraction Equipment and Supplies
• Testing Lab Equipment and Supplies
The Indisure Cannabis Program is available now.
For agents and cannabis business owners interested in learning more, visit https://aurarisk.com/campaigns/indisure-1/
About The Liberty Company Insurance Brokers
The Liberty Company Insurance Brokers is among America’s fastest-growing privately-held insurance brokerages. Liberty provides entrepreneurial producers and agency leaders a unique platform to serve clients and create equity in a strong and welcoming culture built upon core values of Integrity, Excellence, Caring, Kindness, Fairness, Teamwork, Good Feelings, and Fun. To learn more about Liberty, visit www.libertycompany.com
About Aura Risk Management
Aura Risk Management (Aura) is an independently owned, full-service, managing general agency, handling the commercial and personal insurance needs for businesses, non-profits, and individuals. By managing risks with great care and providing industry best practices and counsel, Aura is able to serve and create value for stakeholders. To learn more about Aura, visit https://aurarisk.com/