Cannabis Cargo
Cannabis Cargo
We go the extra mile to protect your cannabis clients.
Marijuana use is legal for either medical or recreational use in 38 states and counting. Federally legal cannabis-derived products such as hemp and CBD can be transported across the country. Today, businesses with cannabis transportation operations are more exposed than ever to emerging risks and additional liability as they search for coverage on shifting legal, political, and environmental sands.
Amwins Program Underwriters proudly offers competitively priced APD/MTC coverage for cannabis, alcohol, and other goods on a single policy. Our cannabis experts have the agility to navigate the cannabis market and the expertise to protect your clients on and off the road.
Target classes
- Transporters
- Distributors
- Couriers/delivery companies
- Dispensaries offering customer deliveries
- Growers and manufacturers
- Any business transporting cannabis or hemp
Coverage – Motor Truck Cargo
- Covered property
- Cannabis goods including all types of finished products, stock in process, and living plants
- Alcohol or other beverages if carried along with hemp products
- Insured’s owned goods, non-owned goods
- Cash
- Cannabis goods including all types of finished products, stock in process, and living plants
- Customized limit options to fit client needs
- Variable limits by vehicle
- Annual aggregate options
- Variable limits by vehicle
- Monthly reporting form available for 20+ units
- Flexible protective safeguard requirements
- Refrigeration breakdown included
- Theft from unattended vehicles up to $100k
Coverage – Auto Physical Damage
- Up to $225k per unit
- Max $1m catastrophe limit
- Towing coverage up to $30k
- Deductibles starting at $1k
Monthly reporting available for 20+ units
Property & Casualty coverage
APU’s P&C cannabis capability includes low minimum premiums, simple application requirements, efficient turnarounds, and more. Learn more.
Program Details
Availability
Available in all U.S. states where cannabis or hemp is legal.
Limits
- Motor Truck Cargo: up to $1m per vehicle/$3m aggregate
- Auto Physical Damage: $350k per vehicle / $1,000,000 loss limit
Minimum premium
- Motor Truck Cargo: $1,500
- Auto Physical Damage: $1,500
Carrier
- Non-admitted, AM Best rated “A-” (Excellent)
Submissions requirements
- Amwins Cannabis Transportation Application
- Schedule of Drivers and Vehicles (Excel preferred)
- Current motor vehicle reports for all drivers
- 3 years currently valued loss runs
- Sample copy of customer contract for hauling of non-owned goods
Contact Us
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