GMI can be one of many few carriers providing fridge breakdown protection, which is necessary as a result of many hashish merchandise like extracts require refrigeration throughout transport.
As money is the first means that many cannabis-related businesses function, this system additionally affords a cash-in-transit inclusion endorsement.
“For over 42 years, GMI has specialised in overlaying industrial transportation dangers,” stated Karen Trudel, chief working officer at GMI Insurance coverage. “We’re excited so as to add our new cannabis transport program to our rising record of profitable industrial transport applications. This system is complete, overlaying most elements of the hashish product cycle together with cultivators, processors and harvesters, wholesalers and distributors, retailers, dispensaries, specialty transporters, courier companies and licensed transportation.”
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This system is on the market to retail brokers within the following states:
- Arizona
- California
- Colorado
- Connecticut
- Illinois
- Massachusetts
- Maine
- Michigan
- Missouri
- Montana
- New Mexico
- New Jersey
- Nevada
- New York
- Oregon
- Rhode Island
- Washington
- Virginia
- Vermont
Program specifics embody most limits of $1 million for lined cargo autos and a automobile said worth of as much as $200,000 for anyone unit. Startups and new enterprise dangers are acceptable with acceptable expertise and documentation, GMI stated. Optionally available protection and endorsements embody cash-in-transit inclusion, loss payable clause, unattended lined automobile protection and refrigeration breakdown protection.
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