@PC_360 It’s becoming less of an issue. Although carriers don’t always know how new states will play out many of them have 5+ years of data. As the industry ages and more data is available this issue will be less of a hurdle. #420InsuranceTweets
@PC_360 I haven't seen anything-cannabis specific but it is very important to establish fault when there is an accident. I recommend getting a police report to keep the claims process simple and costs controlled. #420InsuranceTweets
@PC_360 They need to make sure their insurance is willing and able to provide coverage for the cargo, cash, and extend coverage to any vendors if required. #420InsuranceTweets
@PC_360 You can get coverage for cargo, it’s a whole separate conversation from auto given the controls carriers want to see. Theft is a higher risk for distributors carrying large amounts of good/cash and we see many carriers wanting to cap limits at $100-500k/trip. #420InsuranceTweets
@PC_360 Carriers require more controls and tighter coverage restrictions. Clients need to keep updated driver lists, fleet managers need a minimum amount of experience for some carriers, and pricing overall is higher than the standard market. #420InsuranceTweets
@PC_360 The market is improving for the cannabis sector, more carriers are writing coverage and standalone hired/non-owned auto is easier to secure than it was 3-5 years ago. Carriers want to see strong driver safety controls and experienced fleet managers. #420InsuranceTweets
@IanStew61864414 @PC_360 This will also help to bring in more carriers. There is a lot of concern about how a carrier can keep their banking if they start taking premium payments from the cannabis businesses.
@PC_360 Public perception has limited the carriers willing to engage. The long history of anti-cannabis sentiment is time consuming and difficult to overcome. As the industry continues to develop and the existing stigmas fade more carriers are willing to engage. #420InsuranceTweets
Come join me and @DannyBozzuto at The Bar Association of San Francisco on April 24, for a discussion of the unique challenges faced by cannabis businesses in the procuring insurance, getting claims paid, and effectively managing th…https://t.co/CSeEL0muQB https://t.co/QVLSVvR4P6
@nicolettesong @ISDI_usa Prototyping has been a great experience! It's definitely an eye opener taking a story and trying to design an enjoyable experience around it.