This type of insurance policy is critical for any cannabis company that relies on storing, transporting, delivering or shipping goods.
The black market is booming for cannabis related products and there are a growing number of thieves and organized crime groups infiltrating supply chains and intercepting cargo before it reaches its destination. Everything from growing supplies, to electronics, to raw and finished products are in high demand. Marijuana-related products are often untraceable, so it's fairly easy for thieves to repackage and sell merchandise in little time. The only way to fully protect your goods is by having Cargo/Transportation/Warehouse Insurance.
What Does Cargo Insurance Cover?
This type of policy is designed to protect and cover you in the event your cannabis product is lost, damaged or stolen while being loaded, transported, and unloaded. With a cargo policy you can get coverage for cannabis products transported by your operation, or as extra coverage for items transported by a hired company in case their insurance fails to cover the loss.
Some of the benefits of having cargo insurance:
Replacement of any cargo that is lost, damaged or stolen while in transit.
Income loss replacement for non-replaceable cargo (i.e. harvested crop)
Peace of mind
Many business owners and distributors do not have cargo coverage because they mistakingly thought their property or commercial auto insurance covered any losses to contents within a vehicle. If your business transports items or hires a third party to ship or deliver, you need Cargo/Transportation/Warehouse coverage to protect your inventory and cash.
S2S Insurance Specialists has policies designed to protect your valuable materials and merchandise. To learn more about how we can protect you and your business, schedule a 15-minute consultation.