Cannabis Expertise
Be Protected in a Growing Industry
Let Iridium help you navigate your business challenges in a world of a changing regulatory environment, emerging technology and product innovation. We have the expertise to provide solutions for your current operations – and more importantly – grow with you as you expand in Canada and internationally.
WHY IRIDIUM?
- Failure to comply with regulatory requirements for insurance coverage in this emerging industry could seriously impact your business
- We understand the risks associated with operating in such a highly regulated industry
- Our customized and risk focused approach will ensure a program is designed to match your needs today and well into the future as you grow
OPERATIONS COVERED
Providing leading-edge knowledge and advice for all cannabis operations including:
- Licensed producers
- Retailers
- Research & Development
- Manufacturers of cannabis products and derivatives
- Refiners
- Medical clinics and pharmaceuticals
- Ancillary cannabis industries, such as technology, marketing, logistics, etc.
RISK SERVICES
- Risk management advice to reduce your company’s cost of risk
- Regulatory compliance assistance
- Operational hazard and site security assessments
- Employee benefits, strategic planning and compliance
- Pre and post – construction facility loss control engineering
CLAIMS ADVOCACY
- Proactively assist with claims handling to ensure fair settlements from insurers
- Facilitate open communication & timely information with respect to the status of your claim
- Claim advocacy with proven track record of results
Coverage Highlights
General Liability – product liability for plants and derivatives
Crop Insurance – infestation and contamination
Property – full replacement cost value to facilities and retail assets
Business Interruption – profits, gross earnings, rental income and extra expense
Crime – theft, crisis management and social engineering
Product Recall – including government recall
Boiler & Machinery – coverage for consequential loss and spoilage of plants and products
Cyber – data recovery and crisis management
Directors’ & Officers’ Liability – executive coverage for an emerging industry operating in a new and dynamic regulatory climate
Tax Bonds – government regulation compliance