Secure your business with distillery insurance so you can continue making and selling alcohol.
Distillery insurance tailored to your business.
Your distillery may exhibit characteristics similar to various other enterprises, necessitating a tailored insurance program. The specific risks you encounter will vary based on factors such as whether you conduct tours of your facility, serve alcoholic beverages, or organize events. Additionally, if you manage your own distribution, this introduces further considerations. It is essential that the limits and specifications of your policy align with the unique needs of your business; otherwise, you may find yourself vulnerable to uncovered risks. Below are several coverage options to contemplate for your distillery insurance policy.
- Business Auto
- Commercial Property
- Cyber Liability
- Employment Practice Liability
- General Liability
- Liquor Liability
- Premises Liability
- Product Recall
- Spoilage and Contamination
- Supply Chain Liability
- Systems Breakdown
- Workers’ Compensation
Your product and your equipment carry high values.
The costs associated with your cooker, fermenter, and still are significant. The financial impact of replacing any one of these items could be severe. Additionally, repair expenses can accumulate quickly if any machinery malfunctions. It is advisable to maintain adequate property insurance and systems breakdown coverage to mitigate these risks. Furthermore, if a batch of distilled spirit is compromised, the resulting loss of revenue can be considerable. Securing insurance for spoilage, contamination, and product recalls may offer essential financial safeguards.
Liquor liability coverage is a must if you serve alcohol.
It is essential to obtain liquor liability coverage if you serve alcoholic beverages. A customer who overindulges at your venue may exit your premises and subsequently inflict property damage or sustain bodily injury. As the provider of the alcohol, you may face legal action and be held responsible for the consequences of the patron's intoxication. Liquor liability insurance will cover both the legal defense expenses and any damages that may be awarded.
Business auto insurance provides important protection.
Any enterprise that utilizes a vehicle for business activities is required to obtain business auto insurance. Personal auto insurance policies do not extend coverage to business-related use; therefore, even a small distillery with an employee performing errands or making deliveries faces a business risk that may necessitate hired and non-owned auto insurance. Furthermore, if you possess vehicles registered under the company name for the purpose of distributing your products, your exposure to risk is significantly increased.
Manage the business side of your distillery.
While specialized distillery insurance is crucial, it is essential not to overlook the broader requirements of general business insurance. Coverage such as workers’ compensation, cyber liability, general liability, and premises liability insurance should be secured. Additionally, employment practices liability and crime insurance are important policies that should be evaluated specifically for distilleries. Are you prepared to explore your distinct distillery insurance requirements? Reach out to us to begin the conversation.