Don’t Let Disaster Strike Your Whiskey Distillery – Protect Your Business with Our Insurance Policies
As the owner of a whiskey business, you’ve invested a lot of time, money, and effort into building your brand and producing high-quality products. However, accidents can happen, and without proper insurance coverage, your business could suffer significant financial losses. That’s where commercial whiskey insurance comes in.
Trust the Experts in Whiskey Distillery Insurance – We Understand Your Unique Needs
When it comes to selecting the right distillery insurance coverage, you’ll need someone with experience dealing with your unique set of risks. We have years of experience helping whiskey distillers, warehouses and investment companies and can help you get a plan in place.
Whiskey Distillery Insurance Coverage
- General Liability – Covers liability at your premise as well as any exposure for your operations and the products you sell.
- Some carriers will exclude Product Liability / Liquor Liability
- Liquor Liability – May sometimes need to be written as a separate policy if an insurance carrier can’t add to the GL or Package
- Property – Covers buildings, equipment, machinery, stock, inventory. Having sprinklers greatly increases the opportunity for carriers to provide coverage
- Unsprinkled buildings have a drastically higher rate and a higher deductible for Property coverage
- Many carriers will cap Property coverage at $5 million (combining building and inventory claims)
- If you store barrels for other companies Warehouse Legal Liability is needed to cover the property of others stored on your premise
- Barrel Inventory – Specialty programs are available to cover inventory (aging barrels) stored in rickhouses and warehouses
- Workers’ Compensation – While this coverage might not be as important for investment companies, it is vital for distillers, warehouses and distributors (and required by law in most states).
- Auto Insurance – Many distillers and manufacturers will have trucks to transport their own product from the distillery to the warehouse and bottling facility. Distribution and transportation companies need to be keenly aware of their Cargo Liability limit. The costs and market availability are highly dependent on operations.
- Directors and Officers – This type of coverage should be placed to protect owners, officers and Board members. It may be required by an investment company or private equity group that is partnering with an operation