Canopius adds cannabis cyber coverage to US portfolio

Canopius , a global specialty insurance company, has introduced a new Cyber insurance solution specifically for the growing legal cannabis industry in North America. This insurance is designed to protect cannabis businesses from digital threats, including cyber-attacks, data breaches, and ransomware, which they face due to their unique circumstances, such as heavy regulation, cash-based transactions, and reliance on technology.

This new offering expands Canopius’ range of insurance solutions for the cannabis industry, including property, liability, transportation, and management liability coverage.

Canopius’ Cannabis Cyber coverage is designed to address both first-party and third-party cyber risks and legal issues throughout the cannabis industry, from cultivation to retail. It also includes pre-loss risk mitigation strategies and post-breach response solutions to help the cannabis industry manage cyber risks effectively