In our last Pro Series interview, we spoke with HUB International’s TJ Frost, a practice leader who helped to establish HUB’s full-service cannabis vertical to gain insights about insurance in the cannabis industry and how he works with cannabis companies to design customized risk services, claims management, and compliance support solutions to meet their needs. In this interview, we delve into another aspect of HUB International’s cannabis vertical – Management and Professional Liability with HUB Colorado Vice President, Patrick Ryder, who works closely with executive leaders in the cannabis industry.
As an increasing number of states move to legalize cannabis, new and established cannabis enterprises face more and more competition to secure market share and attract enough talent meet the demand of a growing consumer base. They also face greater risks, which requires scalable insurance solutions that protect stakeholders from liabilities that are unique to this industry and provide security for their workforce. These protections also help to attract and retain talented employees in this competitive industry.
HUB International is one of the few major insurance brokers that provides an array of insurance options for cannabis companies. Having developed an entire vertical serving the cannabis sector, HUB International now serves cannabis industry clients in 33 states, throughout Canada and other countries around the world where cannabis is legal.
Patrick Ryder, a practice leader for HUB International‘s cannabis vertical, applies nearly two decades of experience in the insurance industry to his position as Vice President HUB Colorado. Specializing in Management, Professional and Cyber Liability insurance, he consults with clients on program design and risk management techniques as they relate to exposures that are unique to cannabis enterprises, their leadership and human resources so that they can become more competitive in this emerging industry.
If not for the generosity of our supporters, we wouldn’t be here! We’d first like to express gratitude to HUB International for supporting our educational platform with this Pro Series episode. We’d also like to thank our radio sponsors, Sunstate Technologies and Cannasphere Biotech. We are grateful! Many thanks also go to our production team here at TCR, our theme composer Erik Godal and all of our many partners who help us spread the word. Last but not least, we thank you for listening! Please be sure to join us each week for The Cannabis Reporter Radio Show!
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