Press Release: Rahn & Associates Launches Risk Management Solutions Specifically for Psychedelic Medicinal Businesses

CANNANNEW REPORT

Rahn & Associates announced today that it launched new risk management solutions for the burgeoning psychedelic medicinal industry. With our new psychedelic medicinal insurance solutions, business can access the necessary coverages to protect their business, attract qualified officers/directors, and bring new treatments to market.” — Eric Rahn, Managing Director BOCA RATON, FLORIDA, UNITED STATES, July 20, 2021 /EINPresswire.com/ — Rahn & Associates, an international bespoke insurance broker focused solely on providing specialty lines of insurance products and services for highly regulated and complex industries, announced today that it launched new risk management solutions for the burgeoning psychedelic medicinal industry. While states across the country consider how best to address the mental health and opioid crisis facing our nation, psychedelic medicines are being extensively researched and reported as being a game-changing therapy for PTSD, suicide, chronic pain, and other illnesses. As a result, the psychedelic medicinal industry is booming as several companies, including pharmaceutical manufacturers, treatment centers and clinics. Businesses offering wellness and nutraceutical products using psychoactive ingredients such as micro-dosing psilocybin, have entered the space, are researching new therapies, raising outside capital and planning to go public. As with any niche industry still in its infancy, the risks are high. Psychedelic medicinal businesses are finding it difficult to find the right coverages or any coverage at all in this current hardened insurance market, leaving them exposed to a wide spectrum of risks, many of which are unforeseen at this early stage of development. Complicating matters, each state has their own set of laws, which are rapidly evolving. In response, Rahn & Associates developed a psychedelic risk management program that offers premium access to specialty lines of insurance products, including Directors & Officers Liability (including Excess Liability,) Product Liability, Professional Liability, IP Defense/Enforcement, Cyber Defense/Data Breach and other insurance coverages. “We are seeing an…

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Source : Press Release: Rahn & Associates Launches Risk Management Solutions Specifically for Psychedelic Medicinal Businesses

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