Symphony Risk in California Launches Captive Program for Cannabis Industry

Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.”

The “Symphony Grow Captive” risk financing tool provides a breadth of benefits not commonly afforded to cannabis businesses due to the historical reluctance of most admitted insurers to write coverage. This includes:

Policies can be customized to include or exclude non-negotiable or uninsurable losses in the commercial insurance market. Symphony Grow Captive also allows control of all aspects of claims management, including: settlement authority, legal expense management and defense counsel panel selection.

Symphony Grow is the specialty business of Symphony Risk Solutions. Symphony Risk Solutions is an insurance, risk management and employee benefits consulting firm with offices in San Francisco, Dallas, Chicago, Los Angeles, New York, St. Louis and Seattle.