If your business transports cannabis-related products, your company could be held responsible for any harm they cause. Business insurance provides a financial safety net against lawsuits, theft, and injuries. It also covers risks specific to the cannabis industry, such as adverse reactions to marijuana.
A general liability policy protects against basic third-party risks, such as a client who trips and suffers an injury in your trucking business's office. Some states require this coverage for cannabis businesses.
Learn more about general liability insurance.
Product liability coverage provides financial protection against lawsuits related to products, which is crucial for any business in the distribution chain. For example, it will help pay legal costs if a customer sues over an adverse reaction to a cannabis product.
Learn more about product liability insurance.
Commercial property coverage helps pay for property damage and loss, such as a burst pipe that floods a marijuana transporter's office and destroys computers. Landlords often require business owners to carry this insurance.
Note that items in transit may require additional coverage, like inland marine insurance.
Learn more about commercial property insurance.
This policy covers the legal costs and property damage in accidents involving your cannabis business's vehicle. It also covers vehicle theft and vandalism.
Learn more about commercial auto insurance.
Most states require workers' comp for any business that has employees. It also protects sole proprietors from work injury costs that personal health insurance might deny.
Learn more about workers' compensation insurance.
A bond guarantees your cannabis business will fulfill the terms of its contracts and pay its suppliers. Many states require a surety bond as part of licensing requirements.
Learn more about surety bonds.
It's easy to get business insurance for cannabis delivery or distribution if you have your company information on hand. Our agent will ask for basic facts about your business, such as income and number of employees.
Insureon's licensed insurance agents work with top-rated U.S. providers to find cannabis insurance coverage that matches your business's risks and budget. Contact our licensed cannabis insurance specialist to get started.