Cannabis, Hemp & CBD Transportation Insurance

Some business owners may believe that because their employee is driving their own car and they have insurance that they have nothing to worry about. If an employee has an accident while working as an employee, workers comp is the primary remedy for employee injuries and their personal auto policy will likely excludes any business use. That means their policy will not pay for losses and your business is likely to be held liable.

It is also important to know that a typical policy will not cover goods owned by someone else. If you’re transporting someone else’s property, you may need specific cargo coverage in order to provide protection. Cannabis businesses owners will also need cargo coverage to be protected if a robbery was to occur during transport. Cannabis cargo insurance is not required for all cannabis businesses. However, it is strongly encouraged for businesses that rely upon successful delivery to and/or from their place of business

Suggested Coverage Options:

• Business Auto
• Hired and Non-Owned Auto
• General Liability
• Product Liability
• Property
• Inventory in Transit/Cargo
• Worker’s Compensation

Commercial Auto insurance can also provide coverage for:

• The term is currently defined in Insurance Services Office, Inc. (ISO), commercial auto and commercial general liability (CGL) insurance policies, any land motor vehicle, trailer, or semitrailer designed for travel on public roads; or any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or principally garaged.
• Motor Truck Cargo is a inland marine form covering loss of property in the course of transit, either by common carrier or on the insured's own vehicles, depending on the form used.

Additional coverages may include:

Motor Truck cargo

An inland marine form covering loss of property in the course of transit, either by common carrier or on the insured's own vehicles, depending on the form used.

Management Liability

Covers exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities (also called "executive liability insurance"). This includes

1. directors and officers (D&O) liability insurance
2. employment practices liability (EPL) insurance
3. fiduciary liability insurance, and
4. "special crime" insurance (covering kidnap, ransom, and extortion exposures).

These coverages may be written as stand-alone insurance policies or combined into a single, "package" policy.

Commercial Auto

Auto — as the term is currently defined in Insurance Services Office, Inc. (ISO), commercial auto and commercial general liability (CGL) insurance policies, any land motor vehicle, trailer, or semi trailer designed for travel on public roads; or any other land vehicle that is subject to a compulsory or financial responsibility law or other motor vehicle insurance law where it is licensed or principally garaged.

Excess Liability

a policy issued to provide limits in excess of an underlying liability policy. The underlying liability policy can be, and often is, an umbrella liability policy. An excess liability policy is no broader than the underlying liability policy; its sole purpose is to provide additional limits of insurance.

Cyber and Privacy Insurance

A type of insurance designed to cover consumers of technology services or products. More specifically, the policies are intended to cover a variety of both liability and property losses that may result when a business engages in various electronic activities, such as selling on the Internet or collecting data within its internal electronic network.

Errors and Omissions (E&O) Insurance

An insurance form that protects the insured against liability for committing an error or omission in performance of professional duties. Generally, such policies are designed to cover financial losses rather than liability for bodily injury (BI) and property damage (PD).

Directors and Officers (D&O) Liability Insurance

A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. D∓O liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. In effect, the policies function as "management errors and omissions liability insurance," covering claims resulting from managerial decisions that have adverse financial consequences.