The popularity and sheer number of craft breweries, wineries, and distilleries are on the rise. In the US, between 2016 and 2017, the number of:
- -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 coupled 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:
- Liquor Liability
- Special Events
- Employment Practices Liability Insurance (EPLI)
- Employee Benefits 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://www.beveragedaily.com/Article/2018/07/18/Number-of-US-craft-distilleries-rises-by-26
