Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
Personal lines (auto, home, boat, personal items) policyholders can register to view and print policy documents, including auto ID cards. Directly billed policyholders can also view and print billing statements.
Directly billed policyholders can make a one-time premium payment online from your bank account or credit card using this feature.
While means and methods will vary, one item that all craft beverage manufacturers share is dependence on their equipment. That’s why it’s important to make sure you include equipment breakdown coverage as part of your insurance portfolio if you’re a craft brewer, distiller or winery owner.
When most of us think about insurance protection, we think of insuring against fire, wind, theft or injury to other parties due to our negligence. But what about an electrical arc that interrupts the power supply, a sudden compressor failure on a glycol chiller or the sudden breakdown of your grape crusher/destemmer? These can be expensive items to repair or replace, and the downtime may prove more costly due to the lost revenue and time it may take to get replacement equipment.
Most traditional property insurance policies exclude the sudden and accidental breakdown of mechanical, processing and heating and cooling equipment. A separate equipment breakdown policy or endorsement (a policy addition) is often required to insure these items properly. Many machinery and equipment policies include coverage for ammonia contamination and product spoilage due to temperature or humidity changes when vital equipment is suddenly damaged.
Consider these scenarios:
In addition to covering the specialized equipment used in your craft, consider routine breakdown of equipment common in many business categories: air conditioning equipment, air tanks, electric motors, electronic data processing equipment, fans and blowers, water heaters and more. All of these can be covered under an equipment breakdown policy or endorsement.
Consider this important coverage to round out your insurance protection. By insuring your equipment against failure or breakdown, you can greatly reduce the financial impact to your business when they occur. For more information contact your local independent insurance agent.
This loss control information is advisory only. The author assumes no responsibility for management or control of loss control activities. Not all exposures are identified in this article. Contact your local, independent insurance agent for coverage advice and policy service.
