Cortland, NY – McNeil & Co. (McNeil), a leader in specialized risk management and insurance, and the Cannabis Association of New York (CANY) recently engaged with the New York State Insurance Fund (NYSIF), for purposes of forming a workers compensation safety group for the New York cannabis industry.
The NYSIF recently gave approval for the Cannabis Association of New York Inc. Safety Group, with McNeil as its manager, to provide a sustainable workers’ compensation solution for the New York cannabis industry. The Proposed Group will be assigned on a temporary basis to the group number 3075.
McNeil and CANY worked closely for almost two years to not only ensure the New York cannabis industry has strong and cost-effective insurance options, but also risk management and loss control solutions built to evolve along with the rapidly growing industry.
“CANY exists to ensure New York cannabis businesses of all sizes and backgrounds have a platform for prosperity and success,” said Daniel McNeil, Founder and President of McNeil. “While different in function, CANY and McNeil share similar values. That alignment and dedication to small business is what made the creation of this Safety Group possible.”
“Our intention from the beginning has been to create a sustainable insurance option for the New York cannabis industry,” said Allan Gandelman, President of CANY. “To achieve our goal of an equitable cannabis industry, a risk management-focused insurance solution is paramount. While establishing a cannabis business is difficult, evolving in an ever-changing industry requires a thoughtful approach to risk management and insurance. Working together with McNeil makes that happen.”
Source: McNeil & Co