Axis Insurance Service, LLC (AIS), an Axis Management Group Holdings, Inc. company (AMGH) in Franklin Lakes, New Jersey is proud to announce their new partnership with Full-Spectrum Insurance, LLC (FSI) to form a new insurance division specializing in insuring the Cannabis and Hemp Industries.
The new division will provide an enhanced product portfolio of insurance products specifically designed for businesses and professionals operating in the cannabis and hemp industries. The new division will focus on professional lines (professional liability, cyber, crime, D&O and EPLI), general liability, product liability, property insurance, crop insurance and workers compensation.
Mike Smith, CEO of AIS, had this to say about the new venture. “Cannabis and hemp are rapid growth markets as more states legalize it recreationally and medically. AMGH was focused on entering the market; after considerable search efforts, we have partnered with FSI, as they bring the necessary industry and insurance knowledge for us to successfully write businesses and professionals in the cannabis and hemp industries. Considering recent legislation and state ratifications, we wanted to be well positioned in this industry. We expect our partnership to be fruitful for everyone.”
Joining AIS from FSI are Michael Peters (Founder/CEO) and John Pokryfki (Co-founder/Broker). In Michael’s new hybrid capacity, he will oversee management at FSI , while serving as Vice President for AIS’ cannabis division. Prior to founding FSI, Michael spent his professional career in insurance working for MedPro Group and Risk Placement Services. John Pokryfki helped found FSI after spending over 20 years in the insurance field including 13 years as a regional AVP with MedPro Group. John will spearhead direct sales efforts for cannabis professionals (lawyers, accountants, real estate brokers, etc.) and cannabis and hemp businesses.
About Full-Spectrum Insurance, LLC
FSI was founded by Michael Peters, CPCU, RPLU and John Pokryfki, MHA, CRM to provide tailored insurance policies exclusively for the hemp and cannabis industries. FSI regularly partners with leading industry organizations to craft custom policies for their members. For direct business inquiries, please contact John Pokryfki at (216) 970-8457 or jpokryfki@axisins.com. For cannabis and hemp wholesale inquiries, please contact Michael Peters at mpeters@plrisk.com or (260) 417-5505.
About Axis Insurance Services LLC
Formed in 1999, Axis Insurance Services, LLC is a nationwide leader in professional and management liability, cyber insurance and related products. We offer insurance programs to a broad array of professionals and industries, including insurance agents/brokers, attorneys, commercial real estate firms, technology, healthcare/medical, financial institutions, architects/engineers, consulting firms, media and many others.
Given our strong presence among insurance agents and brokers, it only made sense to create a wholesale division: We launched PL Risk Advisors, Inc. in 2014 and today the two firms provide retail and wholesale coverage solutions for Cyber Liability & Privacy/Network Security, Errors and Omissions, Directors and Officers, Employment Practices Liability, Commercial Crime and Fiduciary coverage. For more information about our company, please click here.