Commercial Package
What is it?
The Commercial Package offered by Frontier Risk is carefully designed for cannabis businesses, combining multiple insurance solutions into one convenient package.
Why is it important?
The number of federal lawsuits jumped by 24% in 2023, highlighting the growing legal risks businesses face. Additionally, 82% of small businesses fail due to inadequate cash flows, essential for efficient operations and risk management strategies. Only in Los Angeles cannabis dispensaries reported 151 crimes in the first nine months of 2023, emphasizing the need for comprehensive protection and strategic planning. All cannabis companies stand to benefit from Commercial Package Insurance. Whether you're a cultivator, manufacturer, distributor, or retailer, this coverage is tailored to address the unique challenges and vulnerabilities faced by small to midsize cannabis businesses.
What does it cover?
Property Insurance
Protects your business property, buildings, and assets against damage or loss from perils like fire, theft, and natural disasters.
General Liability Insurance
Covers third-party bodily injury, property damage, and related legal liabilities arising from your business operations.
Business Interruption Insurance
Provides coverage for lost income and additional expenses when your business is disrupted due to covered perils.
Commercial Auto Insurance
Safeguards business vehicles, drivers, and assets against accidents, injuries, and liabilities on the road.
Equipment Breakdown Insurance
Covers repair or replacement costs for equipment and machinery damaged due to mechanical or electrical breakdowns.
Crime Insurance
Guards against financial losses caused by employee dishonesty, fraud, theft, forgery, and other criminal acts.
Why Frontier Risk?
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Common Questions
Commercial Package Insurance offers comprehensive protection but it's essential to understand that there may be limitations to coverage within the package. These limitations can vary depending on the insurer and the specific policy terms. Certain risks or types of damages may not be included in the standard package and may require additional or separate policies for full protection.
Yes, one of the advantages of Commercial Package Insurance is its flexibility in allowing you to customize coverage to suit your specific requirements. While the package typically includes essential coverages such as property insurance, general liability, and business interruption insurance,you choose additional coverages to tailor the package to your company’s size, and type of operations.
Yes, Commercial Package Insurance provides holistic coverage for all small-to-medium sized cannabis businesses. However, whether it's suitable for a particular business depends on various factors, such as the operations of a business, its size, the risks it faces, and its risk management strategy.