Cannabis Delivery Insurance in Massachusetts
Transporting cannabis involves significant financial risk. Cannabis delivery insurance may help pay for lost cargo, vehicle damage and injuries if a driver is involved in an accident.
Cultivators often deliver grown plants or harvested products to processors
Third-party harvesters often deliver leaves from cultivation sites to processing locations
Processors often deliver finished products to laboratories, wholesalers and distributors
Commercial Auto Coverage
Cargo Coverage
Commercial Property Coverage
What is cannabis delivery insurance?
Businesses that transport cannabis are exposed to multiple risks, and this is something that almost every business in the industry does. One way that Massachusetts cannabis businesses can protect their crops and themselves during transport is by purchasing cannabis delivery insurance.
Transporting cannabis involves significant financial risk. Cannabis delivery insurance may help pay for lost cargo, vehicle damage and injuries if a driver is involved in an accident.
What businesses in Massachusetts need cannabis transport insurance?
Businesses that transport cannabis generally should protect their cargos with cannabis transport insurance. Most businesses in the industry transport cannabis, and thus should consider the insurance. For example, consider the following businesses that deliver cannabis plants, leaves or products:
- Cultivators often deliver grown plants or harvested products to processors
- Third-party harvesters often deliver leaves from cultivation sites to processing locations
- Processors often deliver finished products to laboratories, wholesalers and distributors
- Dispensaries often offer customers delivery services
- Retailers sometimes offer customers delivery services
- Wholesalers specialize in transporting cannabis cargo
- Distributors specialize in transporting cannabis cargo
In short, it’s difficult to find a cannabis business in Massachusetts that doesn’t transport plants or products in some manner.
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What coverages are available through cannabis transport insurance policies?
Cannabis transport policies might make several coverages available. Some of the more common protections are:
- Commercial Auto Coverage, which may cover the vehicles used to deliver/transport cannabis
- Cargo Coverage, which may cover cannabis stock and products when they’re being transported
- Commercial Property Coverage, which may cover owned facilities, growing/processing equipment and inventory
- General Liability Coverage, which may cover common (non-vehicle) accidents occurring at a facility
- Product Liability Coverage, which may cover physical harm that’s caused by sold cannabis products
- Cyber Coverage, which may cover data related to online sales of cannabis products
Policies can offer still more coverages that provide broad or specialized protections. An insurance agent who knows cannabis transport policies well can help businesses find the coverages that are most important for them.
What types of auto coverage do cannabis transport insurance policies offer?
Most insurance companies offer two main types of commercial auto coverage, and cannabis transport policies commonly make both types available.
Commercial auto insurance typically provides coverage for company-owned vehicles, usually offering coverage for vehicle damage, injury, and damage to other vehicles/property. This is the more robust of the two coverage options, and businesses that own their own vehicles likely would be wise to consider the protections this type of auto policy offers.
Hired/non-owned auto insurance typically insures vehicles that a business doesn’t own, but instead leases or rents. It might also cover employees’ personal vehicles that are driven for work, although this isn’t terribly common in the cannabis industry.
In most cases, non-owned coverage provides only liability protection for injuries and damage to other vehicles/property. It normally leaves vehicle owners responsible for insuring their own vehicles, which they may do directly or by insisting that the renting company purchases another insurance coverage.
Both of these commercial auto coverages are broadly capable of insuring trucks, vans or cars.
How Can Cannabis Businesses in Massachusetts Get Cannabis Delivery Insurance?
For help finding cannabis delivery insurance that meets your business’s needs, contact the independent insurance agents at Scotti Insurance Agency. Our Massachusetts agents are well-versed in many aspects of cannabis insurance, and we can help ensure your deliveries are well protected.
