Cannabis Delivery Insurance is cannabis insurance coverage that will provide protection for vehicles used by your cannabis business when delivering cannabis.
Providing Cannabis Delivery Insurance for the cannabis supply chain:
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Cultivation – Indoor, Greenhouse & Outdoor
Third-Party Processors & Harvesters Infused Product Manufacturers Laboratories & Testing |
Wholesalers & Distributors
Manufacturers of Goods and Equipment Dispensaries & Retail Operations Transportation & Delivery Landlords |
Do you need Cannabis Delivery Insurance?
If you're intent on providing cannabis delivery to customers the best way to cover this exposure is to have auto insurance in place that will cover cannabis deliveries. This is the cleanest way to address the risk of cannabis delivery.
The following are 2 specific insurance coverage's options to consider when your operations include cannabis delivery.
Cannabis Auto Insurance. This would be a company-owned auto policy. Each vehicle on this policy would need to be owned by the business. This would require that the name of the business appears on the title of the vehicle and on the name of the policy as the named insured. Each vehicle would be listed on this policy and every driver would be required to be listed.
Insurance companies are favorable towards these policies because they know exactly how many vehicles your company's employees are using to deliver cannabis.
Non-Owned Auto Coverage. This provides liability protection for autos that you do not own but are used in conjunction with your business. If the business were named in a suit from a personal auto claim as a result of an owner or employee using their personal vehicle for business use this coverage would step in. This coverage will protect the company only and only supplements the owner or employee's personal auto liability coverage on behalf of the business when the business is named in a lawsuit.
This provides liability coverage for drivers while they use their own cars to deliver cannabis.
This is important because most personal auto policies will not cover an accident your driver causes while driving a personal car for business purposes.
The following are 2 specific insurance coverage's options to consider when your operations include cannabis delivery.
Cannabis Auto Insurance. This would be a company-owned auto policy. Each vehicle on this policy would need to be owned by the business. This would require that the name of the business appears on the title of the vehicle and on the name of the policy as the named insured. Each vehicle would be listed on this policy and every driver would be required to be listed.
Insurance companies are favorable towards these policies because they know exactly how many vehicles your company's employees are using to deliver cannabis.
Non-Owned Auto Coverage. This provides liability protection for autos that you do not own but are used in conjunction with your business. If the business were named in a suit from a personal auto claim as a result of an owner or employee using their personal vehicle for business use this coverage would step in. This coverage will protect the company only and only supplements the owner or employee's personal auto liability coverage on behalf of the business when the business is named in a lawsuit.
This provides liability coverage for drivers while they use their own cars to deliver cannabis.
This is important because most personal auto policies will not cover an accident your driver causes while driving a personal car for business purposes.
Cannabis Delivery Insurance Costs
The cannabis delivery insurance costs you pay are based on factors such as:
Reach out to me when you’re considering cannabis business insurance. I will discuss with you how it works and assess if cannabis delivery insurance fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative cannabis delivery insurance quotes from multiple insurance carriers so you can get the best possible rate.
As an insurance broker I help Cannabis businesses manage risk through insurance.
- Type of vehicles driven
- Territory
- Expected mileage
- Usage
- Loss experience
- Loss prevention efforts
Reach out to me when you’re considering cannabis business insurance. I will discuss with you how it works and assess if cannabis delivery insurance fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative cannabis delivery insurance quotes from multiple insurance carriers so you can get the best possible rate.
As an insurance broker I help Cannabis businesses manage risk through insurance.