In recent years, the craft brewing industry has taken flight, with new craft breweries opening for business seemingly once a week. But, running a brewery means more than just brewing delicious beers. Just like how each craft beer is unique, each brewery has unique insurance needs! Choosing the right insurance coverage for your business might seem daunting, but at King Risk Partners, our insurance agents can provide personalized, custom insurance plans to help protect your business.
With craft brewery insurance, we provide the protection for you! Contact King Risk Partners today to discuss our flexible business insurance plans and receive a free, no-obligation quote.
What Is Craft Brewery Insurance?
While there are some multinational beer companies, craft breweries will require insurance with a mix of standard business coverage and industry-specific coverage. Craft brewery insurance is used to address the unique risks faced by these businesses. If you only brew beer and don’t run a restaurant or bar, your liability for accidents will be lesser, which means you’ll require less insurance. When you expose your company to more dangers, you’ll need more insurance coverage.
How Much Does Craft Brewery Insurance Cost?
How much craft brewery insurance will cost is dependent on the size of your brewery and the type of brewery you operate, as there are specific risks your business will be exposed to. Our insurance agents are able to review the risks and provide you with a free, no-obligation quote for coverage that would best protect your brewery!
Craft Brewery Business Insurance Coverages
Your brewery has the right recipe for beers, and King Risk Partners has the right recipe of coverages to meet the unique needs of your business. Below our insurance agents have listed specific coverages you might need for your brewery.
General Liability Coverage
General liability coverage is required for all businesses and is used to protect your business from potential risks of day-to-day operations. For example, if a guest slips and falls on your premise or your beer gets someone sick, general liability coverage will help pay for any legal fees you may encounter.
Business Property Coverage
Just like how homeowner’s insurance covers your house in the case of an emergency, business property coverage does the same for your business. So if something unforeseen happens, such as your roof collapsing, business property coverage can help get your business back up and running.
Tank Collapse & Leakage Coverage
Your beer tanks are an essential part of your business, so it is important to ensure they are covered. In the case that your tank collapses due to an implosion, you will have a large problem on your hands. In the case that your tank leaks rather than collapsing, leakage coverage can help cover any lost beer.
Restaurant Property Coverage
If your brewery also has a restaurant that services food, it is important to cover the property and restaurant equipment. Restaurant property coverage can help protect you if there is ever an issue with your equipment.
Equipment Breakdown Coverage
No matter what kind of business you have, when a piece of equipment goes down, it could be detrimental to your business’s operations. This form of coverage will help with the cost of repair or replacement, along with any property damaged by the equipment. Equipment breakdown coverage can also cover losses from the interruption of operations.
Contamination & Spoilage Coverage
If your brew or food has been contaminated, you may have to take the brunt of the loss from the product and may not have any product to sell. Contamination and spoilage coverage will pay for the loss of these products and the loss you will face from not being able to serve beer or food.
Liquor Liability Coverage
Any place that serves beer or alcoholic beverages is required to carry liquor liability coverage. This will cover bodily injury or property damage that occurs from over-serving customers alcoholic beverages.
Workers’ Compensation Insurance
If you are planning on having employees at your craft brewery, you will need to have workers’ compensation insurance, which will protect your workers from any costs they receive due to an injury on the job.
Our Experienced Insurance Agents
If you are interested in learning more about craft brewery insurance, contact our craft brewery insurance agency to speak to one of our experienced business insurance agents!