Lockton (Cannabis)

Lockton Companies lists its global headquarters on West 47th Street in Kansas City, Missouri. Its history page names Jack Lockton as founder and stresses that the firm is privately owned and independent, run as a family organization rather than a publicly traded company. Lockton is a broker that represents the buyer. Its cannabis page says the firm has a 25-member team that focuses solely on cannabis while drawing on colleagues for environmental risk and loss control, and that its cannabis roster numbers more than 125 clients, ranging from private firms to newly public companies.

Lockton's cannabis team places coverage for exposures it lists as assault and battery, employment litigation, theft, transactional risk, mold, health hazards and slip-and-fall claims, and it reviews policies for exclusions tied to regulatory actions, insolvency, ownership changes, specified diseases and product defects. Its Cannabis Product Contamination Insurance solution covers growers, processors and manufacturers for accidental contamination, product tampering and recall, with balance-sheet and reputational coverage. The team also works on the front side of transactions to help evaluate their costs, exposures and integration costs, and its claims attorneys in the US and abroad track claims across all lines.

Buyers reach the cannabis team through Lockton's contact form. Lockton does not publish pricing. The page quotes Donald Randazzo of PharmaCann Inc. and emphasizes benchmarking and data analysis to decide how much insurance to buy. It does not list the states served or name the cannabis team's leaders, and it does not say which carrier writes the contamination product. Lockton's offices page lists locations in the US and abroad, including London, for operators with international exposure.