Transportation

Auto

Product Highlights
  • Available in AZ, CA, CO, GA, ME, MI, NH, NM, NJ, OK, OR, VT & WA (additional states to follow).
  • Requires one of the following supporting lines of business:
      • General Liability
      • Property
      • Commercial Package
  • Annual Policy Term
  • Non-Admitted A.M. Best Rated A+ XV rated carrier
Coverage Options (depending on state)
  • Liability (up to $1M/$1M)
  • Comprehensive & Collision
  • Hired & Non-Owned Auto
  • Hired Auto Physical Damage
  • Medical Payments and/or PIP Coverage
  • Uninsured/Underinsured Motorist
  • Towing & Labor
  • Lease/ Loan Coverage ($10K limit for new vehicles)
  • Loss of Use
  • Rental Reimbursement
  • Mobile Business Interruption (up to $50K)
  • Pollution
Approved Vehicle Types
  • Private Passenger Vehicles
  • Fleets (Up to 100 vehicles)
  • Light Trucks / Vans
  • Heavy Duty Trucks
  • Semi-Trucks
  • Trailer Coverage
  • Mobile Equipment
Appetite & Eligibility Criteria
  • Business must be domiciled and operate exclusively in states permitting the sale, distribution and use of cannabis
  • New Ventures OK
  • 30% or more of total operations must include cannabis related services
  • Drivers must be 21 and over with a valid license
  • Prior Losses OK
  • Local, intermediate and long radius OK
  • State filing requirements OK
  • Need Contingent Line. No Monoline Auto Policy
  • Vehicles must be registered under the business name
  • No Interstate Travel
Ineligibility Risks
  • Independent contractors
  • Risks with a 3-year estimated loss ratio of 70% or more
  • Risks with broker operations
  • Drivers with more than 3 accidents and / or major violations within 3 years
Auto Submission Requirements – Submitted through Portal

 

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