Microbrewery Insurance in Rochester, Buffalo, Syracuse New York
Paris Kirwan Associates, INC is committed to providing every client with quality insurance benefits, and we’re experts in optimizing policies to the benefit of every business. Your microbrewery insurance portfolio needs to include a variety of different policies to account for various exposures and risks. Furthermore, your insurance should be tailored to optimally fit your company’s needs.
There are many different benefits that microbreweries may need, but it’s important to understand that those needs may differ greatly from that of larger breweries. While more sizable businesses may operate in a manner similar to a manufacturing establishment, microbreweries may be partnered with other small businesses, such as restaurants.
Contact us today at 800-724-2627 to get optimized microbrewery insurance
Common Microbrewery Insurance Questions:
How does microbrewery insurance work?
Microbrewery insurance protects businesses like yours from a variety of potential issues. There are many different policies that must be considered in order to build a far-reaching policy package. Some of these may be unique to microbreweries, while others may be general insurance coverage that is necessary for a variety of businesses.
What does microbrewery insurance cover?
Some of the critical types of coverage that microbreweries should strongly consider purchasing include:
General liability insurance—This type of policy provides coverage if another party—such as a patron or partner—suffers property damage or injury at your microbrewery.
Equipment breakdown insurance—Microbreweries may have limited machinery. If a boiler or other important piece of equipment malfunctions, this coverage can help with repair or replacement costs.
Business interruption insurance—If operations become delayed, it can carry heavy financial consequences. This type of policy provides aid in such situations.
Supply chain insurance—Microbreweries may not have large stocks of ingredients, making regular shipments from suppliers essential. This type of insurance can cover losses in the event that a supplier is unable to provide necessary materials.
Spoilage and product recall—If your beer is found to be contaminated, spoiled or otherwise defective, having this type of coverage can help with lost revenue and recall-related expenses.
Liquor liability insurance—Liquor liability is essential to cover damages related to a patron who may have been over-served at your bar or while on a tour.
Workers’ compensation insurance—If an employee of your brewery is injured on the job, this coverage will help cover workers’ compensation costs and supplement the employee’s income during their recovery.
Remember, many of these types of coverage can and should be adjusted to fit the specific needs of a microbrewery.
What will my microbrewery insurance benefits cost?
The cost of insurance for a microbrewery will vary based on many different factors, including the specific operations of your business, as well as the amount of coverage obtained. Some microbreweries may be able to obtain a suitable insurance package for around $1,000 per year.