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Jencap Launches Cannabis Site Pollution Liability (SPL) Insurance Program

Jun 8, 2022

New York (June 8, 2022) – Jencap Group LLC (Jencap) has launched an exclusive, niche program offering monoline Site Pollution Liability (SPL) for cannabis risks. The program is specifically designed for cannabis growers, processors, laboratories, warehouses, and retailers. It is a non-admitted, A+XII rated program available in all U.S. states where cannabis is legal for recreational and medical use. 

“The cannabis industry is expected to reach $45B in 2025 and up to $100B over the next 10 years. That growth is only possible if cannabis businesses can successfully mitigate risk through their insurance portfolios,” explains Doug Mangus, Managing Director of Jencap Specialty Insurance Services. “Jencap is thrilled to launch this exclusive, innovative program that will fill a much-needed coverage gap in the cannabis industry for Site Pollution Liability. This program is underwritten by environmental specialists and brings unparalleled expertise to Jencap’s agency partners.”

Jencap’s new SPL program fills the coverage gaps that exist with Commercial General Liability and Excess Liability policies for the cannabis industry, as these policies often exclude losses resulting from pollution/pollutants on, at, under, or emanating from an insured location.

For more information on this exciting new program, visit JencapGroup.com/cannabis-site-pollution-liability. 

About Jencap Group

Jencap Group LLC (Jencap) is one of the largest wholesalers in the U.S. with notable industry-leading expertise in wholesale brokerage, binding authority, and program management. Its specialized divisions and affiliate organizations provide niche underwriting prowess, broad market access, and nationwide influence. Headquartered in New York, Jencap leverages its collective power to exceed the expectations of more than 20,000 independent agency partners. For more information, visit JencapGroup.com. You can also read more about Jencap news here. 

Media Contact:
Kathryn Smith
Managing Director of Marketing
Jencap Group
678-951-5183
kathryn.smith@jencapgroup.com
Kathryn Smith

Kathryn Smith

Jencap's Managing Director of Marketing, Kathryn Smith, has dedicated her entire career to the insurance industry. A diverse background equips Kathryn with a unique 360-degree perspective, having experienced the industry from all angles: agency, carrier, and wholesaler. She consistently produces award-winning marketing content and hosts the Jencap insurance podcast, "Flip the Cap."

site pollution program

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Jencap is one of the largest wholesalers in the United States and proud to offer top-in-class expertise in wholesale brokerage, binding authority, and exclusive program management. The specialized divisions and affiliate companies that make up Jencap provide niche expertise for all lines of coverage — from cannabis and construction to property and workers’ compensation, and everything in between. By partnering with our industry-leading brokers, you’ll gain the competitive edge your clients need to secure the best coverage at the best rates available in the marketplace. Experience the Jencap advantage today.
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