Auditing the Cannabis Insurance Policy: What Coverage You May Be Missing as Jennifer Zalkin talks to Thomas Cioletti, Underwriter / Program Manager at TRICHOME™. They discuss the the coverages often overlooked when purchasing a cannabis business insurance policy, and how such oversights can expose you to potential losses and liabilities.Trichome™ is an insurance brand which is part of the association captive owned by the NCRMA. This entity has been established to initially offer property, general premises liability and product liability coverage to cannabis dispensaries and associated grow facilities. Only a few insurance providers currently offer products to the industry because cannabis remains illegal on the federal level. According to NCRMA’s members, those limited offerings have high premiums and inadequate coverages and services. This has hampered the success of the cannabis industry. NCRMA’s captive-based model provides significant financial and operational advantages to its members in addition to risk management, including:Accurately priced premiumsHolistic approach to underwritingAppointed brokers vetted by criteria established by NCRMA membersInsurance products birthed by cannabis risk management (NCRMA)Short term profit taking replaced by long term stability and reward

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