- How do you intend to interact with the general public?
Will you offer brewery tours or have a tasting room? Both of these elements, while great for marketing and generating growth, come with their share of risk, and need to be considered when purchasing insurance. Fortunately, most commercial general liability policies cover premises liability exposures, but you will want to work with your independent insurance agent in considering other tailored coverages and selecting the appropriate limit for your business.
- Is your brewery equipment adequately protected?
Your brewery equipment is your most critical asset, and you want to make sure it is protected against a multitude of perils. Some specific coverages you should consider:
- Tank Collapse coverage: Insurance for the cost of a tank that collapses due to accidental implosion. This typically is not covered under a standard property coverage form.
- Boiler & Machinery Coverage: This is an important optional coverage to protect your boiler equipment in the event of a breakdown or accidental explosion, as boilers are typically excluded in standard property forms.
- What is your product liability exposure?
Fortunately, product liability exposure for a product like beer has historically been fairly minimal. One common exposure that exists is food contamination, which can force a product recall and possibly cause food-borne illness to consumers. It is important to ensure that you have protection for this exposure.
It is important to review your insurance program with your insurance agent every year to “insure” that your insurance program is up-to-date and adequately protects all of your business assets. For more information about Acadia’s brewery program, contact your insurance agent, or you can find an agent near you.
Acadia Insurance is pleased to share this material with its customers. Please note, however, that nothing in this document should be construed as legal advice or the provision of professional consulting services. This material is for general informational purposes only, and while reasonable care has been utilized in compiling this information, no warranty or representation is made as to accuracy or completeness.