Around the globe, craft brewing continues to be an evolving trade. In the United States, there are approximately 8,386 production breweries that produce over 6 million barrels per year. Plenty of regional craft, microbreweries, brewpub restaurants and taprooms also produce their own beers. Per capita, Americans consume about 28 gallons of beer annually.
The brewing industry is highly regulated at the state and federal level. Protect your brewery company with comprehensive insurance coverage that meets all requirements.
Key Brewery Coverages
While owning a brewery may sound like fun and games, manufacturing beer and operating your own business come with a number of risks.
You are proud of your product and any damage caused by unexpected events can be devastating. For example:
- A batch is contaminated or spoiled
- Equipment or machinery breaks down
- A visitor slips, trips or falls on premises
- Beer leaks or spills from a storage tank
- A weather event or fire suspends production
- Beer in transit is damaged or destroyed
Be prepared to safeguard your company against possible perils with coverage, including:
- Contamination & Spoilage
- Business Income
- Tanks & Mechanical Breakdown
- Product Recall Expense
- Selling Price Endorsement
Beyond beer manufacturing, other aspects of your business require insurance. Liquor liability is typically excluded from general liability for businesses that manufacture, sell or serve alcohol. If a patron becomes intoxicated in your taproom and causes property damage or bodily injury, liquor liability provides coverage for associated legal fees and medical costs.
Another area of business that requires insurance coverage is special events. While hosting events can help increase brand recognition, mishaps can and do happen. Protect the health and safety of guests and workers, while reducing liability exposures with event coverage.
Brewery insurance does not extend to the distilling of hard liquor on the premises – brandy, vodka, gin, rum, whisky, etc. – home brewing operations and bar, lodging or habitational exposures.
Eligible Business Lines
To anticipate risk, operating your own business requires a combination of insurance policies and endorsements. Each craft brewery will have unique needs, depending on its offerings. For instance, you might own a fleet of vehicles to make deliveries.
Whether you are a small start-up brewery or operate a restaurant, consider the following coverages for your business needs:
- Crime and Fidelity
- General Liability
- Property Insurance
- Crisis Management Enhancement Endorsement
- Umbrella/Excess Liability
We have a relationship with the Independent Brewers Alliance. The IBA is a community of brewers who work together to save money on raw materials and operational expenses. There are currently over 40 member breweries in the country with a combined negotiating clout of a 500,000-barrel brewery! To learn more about the Member-Owner Program or Affiliate Program, contact us.
Proper brewery insurance also comes with access to features and safety services, including training for the responsible serving of alcohol, driver screening and emergency planning. Your brewing company is your livelihood. Work with a HUB/Ion Insurance agent to develop a tailored insurance plan that suits your business.CONTACT US TODAY
for a brewery insurance quote!