Protecting your winery at every level can be complicated because of the many risk exposures your business faces. Understanding the risks involved in the operation of wineries may make a difference in determining coverage options and avoiding gaps in your winery insurance policy.
A majority of wineries grow, produce, store, and sell their wine on the same plot of land, which opens them up to even more risks should something happen, such as a fire or vandalism. And on top of that, some winery owners live on the property as well, which requires personal liability insurance. Fortunately, there are many coverage options to protect your winery, which include:
It's important to understand the risks involved, especially for wineries that are open to the public for wine tasting and other special events, where it is essential to have liquor liability insurance. For example, if someone is over-served alcohol and goes on to cause injuries or property damage, this may cover you against potential lawsuits, which can be expensive to defend against such claims.
Another integral part of wineries includes the production and manufacturing of wine, as well as the losses associated with that process. From the loss of crops to equipment breakdown, storage, transportation, and spoilage, all of these risks should be accounted for in your winery insurance policy. In addition to the specialized coverages, at the end of the day, a winery is a business. As such, you may want to consider more generalized business insurance coverages, including workers' compensation, general liability, cyber liability, and business auto insurance.
Want to learn more about winery insurance? Contact us to go over your coverage needs and options.