#United States #Advisory Board #THC Beverages #Rowayton #Frontier Risk

Frontier Risk Forms Advisory Board to Elevate THC Beverage Insurance

Introduction

In a significant move aimed at advancing insurance solutions for the cannabis sector, Frontier Risk, a pioneering specialty insurance company, has announced the creation of its Advisory Board. This strategic initiative targets the increasingly prominent market of hemp-derived THC beverages, enhancing risk management and compliance strategies across the industry. With members who are seasoned leaders in multiple sectors, including beverage, hospitality, and retail, the board is poised to drive innovative insurance solutions in this burgeoning field.

Board Composition

The Advisory Board features standout figures from various industries:

• - Jeff Agase, Founder of BrightBev
• - Jeff Cantalupo, Founder of Listen Ventures
• - Rick Desai, Managing Partner at Listen Ventures
• - Diana Eberlein, Chief External Affairs Officer at Vertosa
• - Douglas Fulton, Co-Founder of Luminary Beverage
• - Alden Hoksbergen, VP of Sales at CounterMeasures Corp.
• - Niall Little, VP of Sales at Brez
• - Peter Showalter, Director of Strategic Partnerships at Live Nation
• - Doug Veliky, Partner at BrightBev

Diverse Expertise

Bringing together a wealth of knowledge, the board members represent key sectors that intertwine with the THC beverage market. They will collaboratively work with Frontier Risk to enhance the distribution of specialty insurance programs that cater specifically to hemp-derived THC beverages, which are seeeing rapid acceptance in mainstream markets. Their varied expertise spans the broader beverage industry, hospitality, live event operations, and retail distribution, demonstrating a holistic approach to the challenges facing this emerging market.

Frontier Risk’s Mission

According to Peter Berg, President of Frontier Risk, the formation of the Advisory Board aligns with the company’s foundational goal to provide effective insurance solutions for complex challenges within emerging markets. “This Advisory Board reflects that mission,” stated Berg. “Each member has played a pivotal role in the growth of the THC beverage category. Together, we'll develop and implement innovative risk management solutions that ensure safe, compliant, and sustainable industry expansion.”

Enhancing Operational Growth

Earlier this year, Frontier Risk launched its groundbreaking on-premise insurance program for THC beverages, addressing a critical need for venues and operators looking to offer these products alongside traditional alcohol options. By doing so, they have not only filled a significant gap in the market but also established themselves as a go-to insurance platform for retailers entering the space.

The newly constituted Advisory Board aims to facilitate more expansive insurance coverage and comprehensive risk management solutions that are tailored to the nuances of the hemp beverage sector. As this niche market continues to grow, the role of responsible insurance practices becomes increasingly important.

Future Prospects

As Frontier Risk continues to innovate within the insurance realm for THC beverages, the Advisory Board’s support will be instrumental in the company’s endeavor to expand its offerings further. The mission is clear: to provide a robust framework that promotes responsible growth in this emerging market while ensuring that participants abide by legal and operational compliance standards.

For those interested in learning more about Frontier Risk's insurance programs tailored for the hemp beverage industry, additional information is available on their official website at frontierrisk.com/beverage.

Conclusion

The establishment of the Advisory Board underscores Frontier Risk's commitment to fostering a sustainable and compliant THC beverage market. With a diverse team of industry leaders driving innovation, the future of THC beverage insurance management looks promising. As this sector expands, the partnership between Frontier Risk and its Advisory Board will be vital in cultivating a safe, compliant, and prosperous environment for hemp-derived THC products.