Breweries and wineries and distilleries – oh my!

By December 12, 2018 brewery, Insurance

The popularity and shear number of craft breweries, wineries, and distilleries are on the rise. In the US, between 2016 and 2017, the number of:

-Regional craft breweries increased 15.5%;

  • -Microbreweries grew 19.3%; and
  • -Craft distillers rose 26%.

In addition, the number of US wineries steadily increases by 4% each year. We’re excited to offer a new Brew, Wine, and Distill Pak that, when couple with the Property Plus Pak, will protect the property needs of these fast-growing businesses.

Let’s look at the additional coverages available to address the unique property needs of breweries, wineries, and distilleries:

  • Adulteration or Contamination – included
  • Business Income/Extra Expense – $25,000
  • Contract Cancellation – $25,000
  • Product Sample Protection – $25,000
  • Trellises or Unharvested Crops – $25,000
  • Valuation – Market Value for brewery, wine, and/or distillery stock
  • Vessel Collapse – included
  • Vessel Leakage – $50,000
  • Cost of excavations, grading, backfilling, or filling – included
  • Foundation – included
  • Underground pipes, flues, or drains – included
  • Harvest crops – included in the Building and Personal Property coverage form

Plus Pak Commercial Package Policy – includes these property coverages:

  • Attached Outdoor Signs – included
  • Change in Temperature or Humidity – $50,000
  • Employee Theft – $5,000
  • Fine Arts – $25,000
  • Money and Securities – $5,000
  • Peak Season – 80% coinsurance required (increased to 50%)

Liability:

Contact your independent insurance agent to find which coverage is best for your business.

Resources:

https://www.brewersassociation.org/statistics/number-of-breweries/

https://usawineratings.com/en/blog/insights-1/how-many-wineries-are-there-in-the-united-states-37.htm

https://www.beveragedaily.com/Article/2018/07/18/Number-of-US-craft-distilleries-rises-by-26