Amanda Kugler

The Roots Insurance

Session Title: Insuring Cannabis in Illinois: Product Availability and Claims Experiences for Operators


Professional Summary

Amanda is a licensed insurance agent who has operated an insurance agency since 2009. After opening an independent agency in 2015, Amanda has found her niche working with multiple carriers to present her clients with the best coverages available to them. With an expertise in commercial insurance, Amanda enjoys working with business owners to review their current exposures and to assist in identifying additional risks they may encounter. As an active member in CREW Detroit and MiCIA, Amanda enjoys spending time networking and getting to know other members of the business community. When she is not helping clients analyze their business’s risk, she can often be found reading insurance policy forms and discussing complex situations with friends over dinner. Often called an “insurance nerd”, she embraces that title with pride. Amanda is proud to be a millennial in the insurance industry and can often be found recruiting other young professionals into the industry she loves!

Session Abstract

The primary goals of this seminar are to provide a detailed introduction into Illinois state requirements pertaining to insurance for licensees, discuss different insurance products available to cannabis businesses, and to examine different claims and loss experiences across the country.

Since states are responsible for executing state cannabis laws, every state requires different insurance products and limits as part of the licensing process. Some states have very little requirements while others have very strict expectations of businesses in order to obtain their license. We will discuss the Illinois insurance expectations in detail and what is expected of cannabis operators.

With insurance products available ranging from general liability, product liability, property coverage including crop and finished stock coverage, workers compensation, commercial auto, directors and officers and more, we will discuss the different options available to operators and how these products can play an important role in the overall business planning process.

Finally, we will discuss real claims and losses insurance carriers are experiencing across the country. This discussion will help educate potential operators on risks they may face as they open their businesses.