Insurance for Wineries and Distilleries

Insurance for Wineries and Distilleries

Wineries, breweries, and distilleries are well-loved establishments that represent a unique kind of business enterprise. Wineries and distilleries, however, also face unique challenges when it comes to obtaining robust insurance coverage. Standard coverage, in fact, is simply not up to the task of protecting your business from the unique forms of loss you potentially face. For that caliber of coverage, you need an exacting policy that only an experienced broker of wineries, breweries, and distilleries insurance in CITY can provide.

Your Liability

If you run a winery or distillery, you face the general liability that all business owners face, but you also face some highly specific liability concerns that can include:

1. Product Withdrawal Liability – If one of the wines or spirits you bottle ends up posing a threat to the safety of consumers that requires you to withdraw the product from the market, it can pose a significant liability concern.
2. Liquor Liability – You run a lucrative winery or distillery, but every business is vulnerable to being sued (for any number of real or imagined causes), and this, too, is a serious liability.
3. Premises Liability – Premises liability refers to the liability that every business faces in relation to a customer being injured on the premises in the course of doing business.

These represent the basics, but there are other issues that are even more highly specific to your business, including:

1. Auto liability for transporting your wares – and any other transportation related to your enterprise
2. Liability related to the increased cost of complying with evolving building and industry codes that regulate repair and construction after a covered structural loss
3. Liability related to data breaches– especially those that involve contact and payment information – in your system
4. Loss caused by natural disasters
5. Loss related to employee theft– theft is often a crime of opportunity, and some unscrupulous employees will avail themselves of any opportunity that arises

Your liability as a winery or distillery owner is unique, and so are your insurance requirements, but a dedicated broker of exceptional winery insurance can help.

Getting Down to Basics

Wineries and distilleries are singular businesses that can be quite lucrative but that are also open to specific categories of loss that can impede growth and that, when it comes to insurance coverage, must be addressed on a case by case basis. Consider the following:

1. You need coverage for both property loss and income loss. Your property can be damaged by fire, flood, lightning, high winds, natural disasters, robbery, and vandalism, but you can also face exorbitant expenses related to the income you lose as a result of the repair process and the cost of temporary relocation (if it comes to that).
2. The equipment involved in making wine and distilling spirits is highly specific, expensive to purchase and repair, and critical to supporting your enterprise. As such, having coverage for the repair and/or replacement of your machinery and heating and cooling system is critical, but your telephone system and computer system are also important components of your business that require similar protections.
3. Your wines and/or spirits are consumables that are vulnerable to contamination, which means you are vulnerable to lost income related to the replacement of consumer goods and to your sanitation response, which includes the expense of ensuring the contamination issue doesn’t happen again.

Specialized winery insurance has got you covered – regardless of the kind of loss you’re facing.

Risk Management

Wineries and distilleries are exceptionally busy enterprises with many, many moving parts, and this is exactly why your insurance coverage needs to be tailored not only to your brand of business but also to your specific business. Comprehensive coverage for wineries and distilleries is predicated on risk management. Although you don’t know exactly which risk you’ll encounter at any given time, it’s critical that your coverage addresses your overall risk factors and manages them accordingly. Specialized businesses like wineries and distilleries call for specialized winery insurance in CITY.

Reach Out to an Experienced Broker of Winery Insurance in CITY Today

Wineries and distilleries are based on a unique business concept that offers a unique customer experience, but having flexible and responsive insurance coverage can be pivotal to the overall success of your enterprise. The dedicated insurance professionals at FACE Insurance, mirror your commitment to your business with every carefully crafted policy for winery insurance we write. To learn more, please don’t hesitate to contact FACE today.