WHAT YOU CAN DO TO PROTECT YOUR BUSINESS The cannabis industry is fraught with liability for business owners: changing regulations, counterfeiting, compliance, and cyber security to…
Inland marine coverage is a type of commercial property insurance that covers your business’s assets while they are traveling.
Inland marine insurance provides financial protection for a Cannabis business’s property that is transported on land. This can include equipment, products, parts and materials being shipped “inland” by automobiles, trucks and trains. Coverage extends to property that is owned or in a business’ care related to construction, transportation, fine art and renewable energy. Commercial inland marine coverage from Millers Insurance Group is often used to provide protection for assets and property that is movable or could be in transit over land as well as property owned by others that is in the possession of the policyholder or on the policyholder’s premises.
A common misconception with inland marine coverage is that it only applies to water-based transportation vehicles like ships and boats; however, it can also apply to motor vehicles such as trucks and cars involved in road accidents while transporting cargo or passengers. Additionally, this type of insurance can cover any damage done by fire or theft if the vehicle transporting
Certainly, every stage of the cannabis supply chain has unique liabilities and risks.
However, Millers Insurance Group’s range of coverage and policies will address the needs of cannabusinesses at any level of the marijuana industry.