(Please, No Agents)
Subject to the terms and conditions of the policy, one of our insurance carriers has broadened their insurance program by offering up to $10,000 for money and securities with other coverages such as employee dishonesty, property in transit, spoilage, etc….
Cannabis operations who are transporting up to $10,000 of cash would have coverage for “theft,” “disappearance,” or “destruction.” Please note the parenthesis associated with each word has a specific definition in the policy being offered.
The policy indicates the following:
We will pay for loss of “money” and “securities” used in your business while at a bank or savings institution, at the described premises or in transit between any of these places, resulting directly from (1)”theft”; (2) “disappearance”; or (3) “destruction”
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