CICS
CANNABIS INSURANCE COVERAGE SPECIALIST
Gain insights in the following as they relate to the cannabis industry:
Insurance | Risk Management | Claims | Real Estate | Workers Compensation | Banking
The Digital Designations you purchased can be accessed from your My Online Programs page.
CANNABIS INSURANCE COVERAGE SPECIALIST
Gain insights in the following as they relate to the cannabis industry:
Insurance | Risk Management | Claims | Real Estate | Workers Compensation | Banking
This forward-thinking program was developed by ALM’s subject matter experts and thought leaders in conjunction with multiple insurance, legal and cannabis industry experts. The coursework is hot off the presses and is being developed and updated to reflect the ever-evolving cannabis industry.
The CICS Designation is recommended for the following:
Insurance Producer, Agent,
Risk Manager
Industry Professionals, Growers,
Suppliers, Manufacturers,
Dispensaries
Anyone Seeking to Master
the Ever-Evolving Subject of
Cannabis Insurance Coverage
+Advanced coverage expertise and career professionalism.
+Being on the forefront of an ever-evolving industry.
+Industry and peer recognition for advanced knowledge in coverage areas.
+Optional CE credits may be available in your state for the CICS Designation program. This requires an additional CE exam that covers the program in its entirety. Contact Customer Service for instructions PRIOR to taking your exam.
The CICS Cannabis Insurance Coverage Specialist designation is earned through ALM |PC360 Education, and must be renewed every two years.
Score of 70% or better on each of the following CICS Exams:
Complete a request for CICS designation form.
Your CICS CANNABIS INSURANCE COVERAGE SPECIALIST certificate will be mailed to the address you provide on your Request Form. Please allow 5 to 7 business days for processing.
Renew CICS designation every two years.
As this is an ever-evolving industry, it is important that designees stay current with industry changes. Renewal credits must be completed within one year prior to your renewal date.
The first course in the CICS designation program, features a detailed overview of the cannabis landscape, enhanced with real-life case study exercises. It’s the foundation for understanding the myriad issues related to running cannabis-touching businesses.
The second module in the designation program, focuses on the risks inherent in cannabis-related insurance. It looks at some of the most pressing issues related to risk, beginning with a general overview of risk management, types of risk, theories and options related to controlling risk, and the steps necessary to implementing a viable risk management program. Next, we examine types of risks, including supply chain threats and risks related to federal and local regulation, as well as cultivation, manufacturing, retail, and legal issues. Finally, the course looks at insurance and exclusions affecting cannabis-related businesses such as criminal exclusions and health and hazard issues.
Provides a cannabis adjuster, other insurance professionals, and those involved in cannabis-related businesses, with additional information on cannabis and hemp to aid in their understanding of coverages in relation to ISO product definitions, exclusions, and exceptions. It starts with an overview of general claims before diving into cannabis-exclusive claims topics including exclusions and documentation. The course then takes a much deeper look at the claims handling process in relation to cannabis for most major types of coverages, including auto, commercial general liability (CGL), workers compensation and others. The course finishes with a discussion on subrogation, fraud, and ethics issues related to the unique topic of cannabis-related claims coverages, as well as sample questions to assist an adjuster in a cannabis claim investigation.
Touches on unique issues specifically related to state regulations around cannabis and real estate values. This course also examines types of cannabis-related real estate properties, such as, dispensaries and grow operations. Take an in-depth look at both real estate insurance related to cannabis, as well as, specific liabilities regarding cannabis-related properties. This course ends with a look at commercial general liability (CGL) declarations, including a sample policy.
Covers many aspects of workers compensation in regard to legalized cannabis and cannabis-related businesses. The course begins with an overview of the workers compensation system in general, including a deep dive into workers compensation coverage parts. We then go into an overview of workers compensation and cannabis, including existing and proposed legislation, as well as classifications for workers compensation as related to legal cannabis. The course finishes with an examination of the impact legal cannabis has had on workers compensation exposures, including topics like drug testing, reimbursement for medical use, and a look at exposures related to legal cannabis.
This course covers many financial aspects of legalized cannabis and cannabis related businesses. Beginning with a brief overview of banking and cannabis, the course takes a deep dive of prospective federal legislation that will affect the future of cannabis-related businesses. It also covers crucial components of cannabis and small businesses in relation to financial services regarding such businesses. This course finishes with an in-depth look at what building a strong banking program for cannabis-related businesses should look like, including models, workflows, and the keys to a program’s success.
In addition to the courses, you will receive exclusive information and articles from subject matter experts. You will also have access to ongoing specialized information related to cannabis to keep your credentials upto-date post program.
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If you have any questions,
please contact our Customer Service Center at [email protected] or call 1-800-543-0874.
This Badge is non transferable and for personal use only. I affirm that I personally completed the entire text of the course. I affirm that I personally completed the examinations without assistance from any outside source.
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I affirm that I personally completed the entire text of the course. I affirm that I personally completed the examinations without assistance from any outside source..