Industry Sectors Transportation, Distribution & Delivery
What exposures does my cannabis processing client have?
Cannabis transportation and distribution companies have unique risks and increased liability due to the nature of the product being transported. It is common for contracts to require these types of operations to carry both general liability and product liability. Traditional insurance policies will not provide the necessary coverage.
Product Liability Coverage
One of the biggest exposures in the cannabis industry is product liability. Typically, in PL claims, any entity involved in the stream of commerce may be sued by an aggrieved plaintiff. Moreover, an agent should expect jurisdictions to impose strict liability for various elements of product compliance such as manufacturing defects, design defects, and/or warning defects. Coverage enhancements include defense outside limits, product withdraw expense coverage, cyber coverage up to $100K available by endorsement, and limits up to $5M.
General Liability Coverage
General liability insurance is a much broader, more traditional coverage that focuses on property damage and bodily injury liabilities ties to a specific premises. Rockall is able to offer hired and unowned auto to extend coverage off premises for incidental exposures, and cyber coverage up to $100K is available by endorsement.