EP 209: Risk Management for Cannabis: It's Not Just About Insurance

About this episode

In this episode, Raymond Guns discusses cannabis insurance and risk management with Griffin Basden, highlighting the importance of understanding policy exclusions and the claims process.

In this episode of the Cannabis Accounting Podcast, host Raymond Guns sits down with Griffin Basden, Senior Client Manager at AlphaRoot, a cannabis-specific insurance retailer. Griffin has one simple warning: your insurance policy might not actually cover you. Cannabis operators are paying for policies with cannabis exclusions buried in the fine print. And most don't find out until they file a claim and get denied. Griffin breaks down the difference between retail brokers, wholesale brokers, carriers, and reinsurance companies. She explains why some policies require secondary wholesalers and why claims get handled by third-party administrators you've never heard of. She talks about: 🚨 The cannabis exclusion hiding in your policy right now 🏢 Why brokers exist and who actually pays your claim ⚠️ Why safeguards matter and how they determine whether claims get paid. 🗺️ State-by-state coverage and why interstate commerce doesn't exist yet 🔍 Free coverage reviews and what to look for Hit subscribe for more deep dives on cannabis business, finance, and strategy. 🌱 👉🏻 Connect with Griffin Basden: https://www.linkedin.com/in/graebasden/

People in this episode

Host: Raymond Guns

Guest: Griffin Basden

Topics covered

• risk management
• cannabis insurance
• claims process
• insurance policies
• brokers
• coverage reviews

Keywords

• cannabis insurance
• risk management
• insurance policies
• claims
• brokers
• coverage reviews
• cannabis business

Mentioned in this episode

Organizations: AlphaRoot

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