Thanks to the perennial popularity of beer, running a brewery can be a profitable endeavor. However, accidents and emergencies can quickly put a dent in your profits if you don't have adequate insurance coverage to protect yourself. Here's what you need to include in your brewery insurance policy to ensure you are fully protected.
Commercial Property Insurance
This coverage component applies to the structure of your brewery facility itself. If there is a fire, storm, burglary or other disaster, your coverage can help pay for the damages and repair or replace parts of the building as needed. You can also add coverage for the contents of the facility, including office equipment and furniture.
General Liability Insurance
If your brewery offers tours to the public, you'll definitely want to have this type of coverage in place. It will protect you if a guest is injured during the tour, like if they slip and fall on a wet floor or get injured by a piece of machinery. This coverage will also apply to any suppliers and other contractors who visit your brewery.
Equipment Breakdown Insurance
Your brewery likely utilizes a lot of expensive equipment, and that equipment can break down from time to time. This coverage will help replace any lost merchandise and help cover the cost of repairs to your equipment so that you can get your brewery back in business as quickly as possible.
Workers' Compensation Insurance
When your workers are using heavy machinery, there is always the possibility that they could get injured while on the job. Workers' compensation insurance will cover their medical expenses and can also pay them for any time they need to take off work while recovering from their injuries.
This type of brewery insurance coverage can make up for any gaps in other areas of your policy, coming into effect after you have exhausted your other insurance options. That you will be fully protected in the event of an emergency will give you added peace of mind, so you shouldn't neglect this important coverage component.
Cover Your Brewery Today
No two breweries are exactly alike, and your insurance coverage shouldn't be one-size-fits-all either. When you work with Southern Colorado Insurance Center for your brewery insurance needs, we'll tailor a policy to meet your specific needs. We work with a variety of insurance providers, enabling us to put together an insurance package that will work best for you and your budget. Reach out to our team today to learn more about brewery insurance and get started.