When brewing and selling your own brand of beer, or distributing beer made by others; you need to be sure you are protected with the coverage outlined below:
Product Recall Insurance/Spoilage Insurance – covers your initial production costs, loss of revenue and expenses to remove and replace the product.
The expense of the supplier not having the raw material needed available, that resulted in limited production or an increase in costs, has been growing at a rate of 10% per year. Machinery, Barrels and Boiler Insurance – will provide you with coverage to repair or replace damaged equipment or losses due to those downtimes or production delays.
If your Craft Beer business could possibly be put under by the legal fees or loss of income, you will feel secure with having our coverage.
Liquid Liability Insurance is required any time alcohol is being served or sold. This insurance covers you for any instance of property damage or bodily harm as a result of the consumption of liquor you sold.
You can still be held liable in a lawsuit, even if you didn’t sell the sell the beer to the person, but were the producer of the beer.
Please note: Calculating an accurate dollar amount of what it would take to replace all of the assets of your business is essential. Remember, even if you received a great deal on an item initially, it does not mean you could replace that item for the same amount in the future.
Minimize your risk; purchase the right insurance policies, for the correct amounts, and maintain the integrity of your brand.