Microbrewery Insurance

What Protections Do Craft Brewery Insurance Policies Provide?

The individual coverages that craft brewery policies offer are often tailored to a brewery’s particular situation, so policies frequently have slightly different coverage combinations. Nonetheless, there are lots of coverages that are widely available through most craft brewery insurance policies. Some common coverages include:

• General Liability Coverage, which businesses used in many industries to protect businesses from common risks
• Business Property Coverage, which lots of businesses use to protect buildings and equipment they own
• Business Interruption Coverage, which many businesses use to safeguard against disasters that disrupt incoming revenues
• Restaurant Property Coverage, which restaurants often carry and breweries that have tasting rooms may need
• Tank Leakage Coverage, which may reimburse a brewery for beer stock that’s lost due to a leak in a tank
• Tank Collapse Coverage, which may pay for water processing if a brewery's tank collapses

Do Microbrewery Policies Include Workers Compensation Coverage?

Most microbrewery policies aren’t set up to provide workers compensation, disability, or health insurance. Breweries that want or need these types of insurance normally purchase them through separate policies. 

What Breweries is Craft Brewery Insurance Right For?

Small and mid-sized breweries generally ought to consider getting craft brewery insurance. Craft brewery policies offer an affordable way to get lots of the protections that these breweries should have.

Large breweries also need many of the coverages that are offered by craft brewery policies. In some cases, though, large breweries’ insurance needs go beyond what craft brewery insurance is designed to provide protection for. While large breweries may want to talk with an independent agent about getting a craft brewery policy, they’ll likely find that a slightly different insurance policy is more suited for their insurance needs.

Distilleries and wineries also need similar insurance coverages, but they’re usually better off with a policy that’s tailor-made for them. Many insurers that offer craft brewery policies also have policies for distilleries and wineries that are similar yet slightly different.

How Do Insurers Calculate Microbrewery Policies’ Premiums?

Insurers consider many different factors when determining how much microbrewery policies cost. A few items they may take into account include:

• How large a brewery is
• How many employees a brewery has
• Whether a brewery offers tours
• Where a brewery is
• Whether a brewery has previously filed insurance claims
• What coverages and limits a brewery selects

How Can Breweries Get Quotes for Microbrewery Insurance Policies?

Breweries that want help obtaining quotes for microbrewery insurance policies should get in touch with an independent insurance agent who specializes in this form of insurance. Such an agent can help a microbrewery select the coverages it needs, and they can request quotes from different insurers. With their expertise, it’s easy to compare the different protections that policies offer and select the best policy that’s available.