Relm Launches Kidnap & Ransom Insurance for Cannabis Businesses

HAMILTON – Bermuda-based Relm Insurance announced a new Kidnap and Ransom (K&R) insurance product aimed at executives and operators in the Cannabis sector, alongside those in digital assets.

The policy addresses physical threats that have grown more common in cash-intensive and high-visibility industries. Coverage includes kidnapping, extortion, malicious detention, disappearance, express or virtual kidnapping, hijacking, hostage situations and evacuations tied to credible threats. It also provides access to a dedicated crisis response team with more than 200 years of combined experience in global security, special forces and law enforcement. The team, positioned across multiple countries including the United States, United Kingdom, Mexico and Colombia, operates a 24/7 hotline.

Relm designed the offering for businesses that traditional carriers often overlook. Cannabis operators, constrained by federal banking limits in the United States, routinely handle large amounts of cash and secure high-value facilities, which has drawn the attention of organized crime groups. The same pattern appears in digital asset circles, where executives face doxxing and targeted home invasions linked to visible wealth.

Joseph Ziolkowski, Relm’s CEO and founder, said the product pairs broad protection with expert crisis support. “From web3 founders to cannabis operators, our clients are navigating an evolving threat landscape,” he noted in the company’s release. The policy includes a 10% risk mitigation allowance that clients can use for pre-incident training, security awareness sessions and customized threat assessments.

The launch arrives as the Cannabis industry weighs ongoing operational pressures. A separate Relm briefing released this month, produced with Prohibition Partners, examines risk across the global supply chain and points to regulatory and security gaps that persist even as legal markets expand.

For an industry that has long struggled to secure conventional coverage, the move signals one more step toward risk tools built specifically around its realities. As Cannabis businesses scale and attract greater scrutiny, specialized products of this kind may help executives maintain continuity when threats turn personal.