Just the other day when I was driving around town I noticed another new craft brewery in my area. It’s exciting to see these concepts popping up, and even more exciting is the energy one gets when talking to the owners. Brewery owners seem to bring so much passion and knowledge to the table. Many entered into the industry for one reason, they love to make beer. Of course, there are a number of other reasons as well but at the core it’s that they have a deep love and appreciation for what they do.
Over the past handful of years the number of U.S. breweries has increased substantially. According to Julia Herz, Program Director for the Brewer’s Association, “The segment has grown exponentially as the total number of U.S. breweries leapt from 1,460 to more than 4,600, and we’ve seen the localization of the beer movement truly driving trends—and driving the land grab to be known as a craft brewer.” Breweries seem like they are here to stay and are offering more original offerings and services than ever before.
Breweries, much like bars and restaurants, have their own unique needs when it comes to insurance. It might seem simple to write a basic policies for these establishments but doing so can leave a lot to chance. There are some basic coverages which include things like general liability, liquor liability, property and worker’s compensation that are recommended. However, there are also things like food contamination, leakage and equipment breakdown that are paramount for many craft breweries. These are the areas that, if something goes wrong, can make a substantial impact on a breweries ability to stay open and produce revenue.
Navigating the ins and outs of the insurance world can be challenging in the beginning when you don’t have someone who understands your business, builds a relationship and helps to educate on the benefits and pitfalls of each type of insurance. Equally important is working with someone who finds potential areas that might be an issue in the future and works to help ensure those are covered. Sometimes it’s not just a putting a policy in place that’s the answer. It can be simple changes one can make within the establishment or with a process that will safeguard against future challenges.
If you are looking for insurance, I encourage you to find someone who has worked extensively with others breweries, bars and restaurants. Insurance shouldn’t be just about purchasing a policy. It should be about a relationship. Having an agent on your side that is an advocate for your business, can help educate as well as support your business is any way possible.
If you would like a free consultation, please call us at 480.776.6981. Craft breweries are one of our specialities!