Craft Beverage Industry has Special Insurance Needs

It's important to understand the specialized coverage every craft beverage business should consider.

The craft beverage industry continues to mature, having added more than 15,000 establishments in a 10-year period. Breweries and wineries operate in all 50 states, and the number of distilleries has grown significantly. To maintain momentum in a competitive market, the industry is increasingly embracing hospitality-driven experiences to attract and connect with a broader customer base.

Proprietors in the craft beverage industry have special insurance needs. If you’re the proprietor of a brewery, winery or distillery, you’ll be glad to know that insurers offer products designed to protect your enterprise. Speak to your local, independent insurance agent to explore the options.

Something for every palate…

Look for property coverages that address exposures common to the industry:

• Selling price and market value clauses
• Tank collapse or leakage
• Contamination and adulteration of your product
• Temperature change

Valuable liability coverages include:

• Product recall expense
• Liquor liability
• Employment practices liability

A round for the house!

Make sure that the insurance you purchase is adequate to cover special events you may host or attend – from tours and tastings to festivals and weddings. Talk to your agent about insurers that provide loss control consultations to identify potential hazards and develop and implement procedures to ensure visitor safety.

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.