We Recommend Bolder Insurance for Craft Beverage Coverage
After working with many different catering service vendors, such as insurance agents, financial teams, food suppliers, event staffing services, and so much more, we’d like to make a suggestion for craft brewery insurance! After we opened our second location in Colorado, we found out about Bolder Insurance. They have been serving Colorado for more than a few decades now with business insurance. They are well-known for their craft beverage insurance policies (more on that below).
Protect Your Brewery, Winery or Distillery
If you brew, distill or make wine, you need specialized craft beverage insurance. This insurance protects your business from unique risks like equipment breakdowns, product contamination and liability issues. In this article we’ll explain why specialized insurance is essential and what type of coverage you should consider to protect your brewery, winery or distillery.
Key Points
- Specialized insurance solutions are necessary for craft beverage businesses to address product liability, property damage and regulatory compliance.
- Customizable insurance policies and comprehensive coverage options including property, liability and business interruption insurance are important for businesses of all stages, from start up to established.
- Partnering with experienced insurance agents gives craft beverage businesses personalized support and industry knowledge to run more efficiently and manage risk.
Specialized Insurance for the Craft Beverage Industry
The craft beverage industry is a unique and exciting space with creativity and innovation. But it also has distinct operational risks that require specialized insurance coverage. From product liability to property damage and regulatory compliance, the exposures are vast and varied. Customized insurance solutions are key to addressing these specific needs so both small start ups and established businesses are protected and the needs of each client are considered.
Working with agents who specialize in the craft beverage industry makes a big difference. These agents bring specialized knowledge and resources to help craft beverage businesses navigate complex insurance requirements. Their personalized service provides ongoing support tailored to the unique challenges faced by breweries, wineries and distilleries.
Your Unique Exposures
Craft beverage businesses face a range of specific risks that can impact their operations. From machine injuries to slips, falls and exposure to hazardous materials, these risks are inherent in the industry. For example, craft breweries face equipment breakdowns and product contamination which can stop production and cause significant financial losses.
Understanding these unique exposures is the first step in mitigating them. Working with agents who specialize in the craft beverage sector can help evaluate each account to identify specific risks and tailor insurance packages to provide comprehensive coverage. Property, liability and business interruption coverage helps businesses stay in operation and protect their assets from various threats.
Property and Equipment Coverage
Property and equipment coverage is essential to safeguard the physical assets of craft beverage businesses. This type of insurance covers buildings, brewing equipment and inventory from risks like fire, theft and natural disasters. For example a fire in a brewery could damage brewing equipment and stock causing significant financial losses. Property insurance ensures these assets are protected so businesses can recover and get back to operation quickly.
In addition to buildings and inventory, property coverage also includes protection for brewing equipment against theft, fire and water damage. This comprehensive coverage ensures all critical parts of the business are covered, minimizing downtime and financial impact from potential disruptions.
Liability Coverage
Liability coverage is critical to protect craft beverage businesses against legal claims from injuries or damages occurring on their premises or from their products. This includes:
- General liability insurance which covers businesses against claims of property damage or personal injury from their operations, provides a layer of protection against common incidents.
- Product liability insurance which covers claims from injuries or damages caused by the products sold by the business.* Liquor liability insurance which covers the risks associated with the sale and consumption of alcoholic beverages.
Each type of insurance covers specific risks so craft beverage businesses need comprehensive coverage.
Product liability insurance covers claims from product related injuries so businesses are covered if their products harm consumers. Liquor liability insurance is essential for breweries to cover alcohol related injuries or damages such as accidents from overserved customers.
This broad approach to liability coverage helps craft beverage businesses manage their legal exposures.
Business Interruption Insurance
Business interruption insurance provides financial support for loss of income and operating costs when a business is unable to operate due to a covered event. This type of insurance is key to maintaining business continuity during disruptions such as natural disasters or equipment failure. For example if a distillery has a major equipment breakdown business interruption insurance can cover the lost income and ongoing expenses so the business can recover without severe financial strain.
This coverage can be tailored to specific operational risks so businesses are covered for a wide range of unexpected events. By providing financial support during operational disruption business interruption insurance helps craft beverage businesses stay stability and continue to serve their customers.
Here’s their contact information for their Louisville location:
Bolder Insurance
800 Jefferson Ave, Louisville, CO 80027
(303) 449-9595
And here’s their contact information for their Boulder location:
Bolder Insurance
2425 Canyon Blvd #110, Boulder, CO 80302
(303) 449-9595