Based in Toronto Ontario, Next Wave Insurance Canada Corp “Next Wave”, was launched in early 2018 as a Managing General Underwriter (MGU) focused exclusively on offering brokers the most comprehensive coverage available in the cannabis and hemp industries. Next Wave, in partnership with our Canadian carrier partner, Wynward Insurance Group, have successfully developed valuable protection from the largest cultivators to the small local dispensaries. Our coverage solutions include, Property, Stock, General Liability, Products Liability, Product Recall and Management Liability.
CATEGORIES
CLASSIFICATIONS
CULTIVATORS
Cultivation includes the cannabis and hemp plant cycle from seed to vegetative, to finished stock.
HARVESTERS
Some growers use third-party processors during harvesting, drying, curing, and trimming to increase their yield and control expenses.
MANUFACTURERS
Our broadest class recovers equipment manufacturers and those that create products that can be smoked, vaporized, ingested, or applied topically.
LABORATORIES
Laboratories test product for pesticides, product potency, product consistency, and the overall safety of what is available to consumers.
BUILDING OWNERS
Building owner policies cover the property owner for liability and property exposures.
WHOLESALERS
A wholesaler engages in the sale of goods or merchandise to retailers or other distributors exclusively.
EXTRACTION FACILITIES
Cannabis extraction is the conversion of target molecules in cannabis raw material into a useable form.
RETAIL & DISPENSARIES
Organizations that directly sell products to medicinal and recreational consumers, as well as provide delivery services.
