Hub International, a global insurance brokerage and financial services firm, developed a new, exclusive and unique health benefits captive program for cannabis organizations that are interested in a sustainable way to manage risk and cost.
“The captive [program] is for clients who desire greater control of their employee health benefits." Jay Virdi, chief sales officer of HUB Cannabis Practice told Benzinga.
“If clients are looking for more flexibility, transparency, claims cost control, reduced fixed costs on health benefits, renewal stability and/or to gain market leverage, this captive strategy is right for them,” Virdi added.
Cannabis organizations must have more than 50 insured employees with stable claims experience and a predictable cash flow to be eligible for the offering.
Encuentra nuestro contenido en Español en El Planteo:
- Tilray Reportará Resultados Trimestrales: ¿Hacia Dónde Van las Acciones?
- Paraguay, el Primer País Latinoamericano en Exportar Cáñamo
Photo: Ulises Baga on Unsplash
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.