Distillery insurance helps provide unique coverage for your unique spirits.
Secure your business with distillery insurance so you can continue making and selling alcohol.
Distillery insurance should be tailored to your business.
Because of the unique type of industry you are in, your distillery could take on the attributes of many other businesses. From production and storage to transportation and customer service, the variety of angles you work in creates a need for industry-specific insurance.
What are the risks of operating a distillery?
The risks you face depend on whether or not you give tours of your facility, serve alcohol, or host events. If you handle your own distribution, that's another concern. Limits and policy specifications must be appropriate for your business or you could be left with exposed risks. Here are some coverage options to consider in 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.
Your cooker, fermenter, and still were expensive. Replacing one of these alone could be financially devastating. Even if a piece of machinery breaks, repair costs can add up fast. Having the appropriate amount of property insurance, as well as systems breakdown coverage, could help. Similarly, if a batch of a distilled spirit is ruined, the revenue lost will be substantial. Obtaining coverage for spoilage, contamination, and product recalls may help provide financial protection.
Liquor liability coverage is a must if you serve alcohol.
If you serve alcohol, you need liquor liability coverage. A patron who consumes too much liquor at your establishment could leave your premises and cause property damage or bodily injury. Because you served them, you could be sued and held liable for the damage caused by the intoxicated patron. Liquor liability insurance covers defense costs and damages awarded.
Business auto insurance provides important protection.
Any business that uses a vehicle for company purposes needs business auto insurance. Personal auto policies do not cover business use, so even the smallest distillery that has an employee running errands or making a delivery has a business exposure that could require hired and non-owned auto insurance. If you own vehicles in the company name to distribute your product, for example, you have an even bigger exposure.
Manage the business side of your distillery.
Although specialized distillery insurance is important, you cannot forget about general business insurance needs. Things like workers' compensation, cyber liability, general liability, and premises liability insurance should be obtained. Employment practice liability and crime insurance are other policies that need to be considered for distilleries in particular.
Ready to discuss your unique distillery insurance needs? Contact us to get started.
