One of our partner carriers has come up with a great video that goes over 7 tips for buying insurance. Hanover Insurance is a program partner carrier for our brewery clients and these tips are excellent not just for brewers, but for most business insurance consumers as well. Please spend a couple minutes to watch the video here https://www.hanover.com/marketing/video/seven-tips-to-buying-insurance.html. The tips are also below if video is not your thing.
Having equipment breakdown coverage is very important for the viability for your brewery. Many brewery owners are under the impression that their property policy they have in place will cover damages to their brewing equipment. This is partially true, but only for external damages such as a fire that breaks out in your brewing space. With equipment breakdown, you can say if it plugs in, it's probably covered.
Working with many breweries in California and across the country gives us the opportunity to see the time and effort that owners put into running a brewery. We understand you have to focus on the many aspects of running a brewery, and know that many of the start ups are family owned and don't have employees. You are the owner and the employee! With these day-to-day tasks, it leaves little time to thoroughly read through your insurance policy. And even if you did have the time, who wants to do that? Brewery owners rely on their agent to help guide them through their policy and make sure they understand the insurance terms as well as limits and exclusions.
Many major companies have some form of self-insurance. Self-insurance is when a company preserves funds to give them the ability to cover future losses rather that going through an insurance company to purchase a policy. This may sound simple, but it can get a bit complicated. There are reasons that some businesses would not want to self-insure.
Keeping your brewery clean can go a long way. The public areas where people will be drinking and eating (if you serve food), but more importantly the equipment you're using to brew your beer, need to be clean at all times. Keeping the public areas of your brewery clean is simple, but cleaning the equipment can be a bit more complex. Using these simple but effective tips will make certain that you are brewing your beer at top quality.
If you've ever heard of the town of Hollister, it may be because you've been to the 4th of July biker rally, or the pretty well-known dirt bike trails at Hollister Hills. Hollister is a small, destination town that is starting to see some growth. There are some great restaurants downtown, beautiful wineries out on the back roads, and a couple of awesome breweries. All of these great establishments will be a part of the Hollister Wine & Beer Stroll, Saturday May 6th.
Brewery Insurance in general can be difficult to understand. Workers' compensation insurance is no different, especially when it comes time for your audit. The workers compensation audit process can be confusing, complex and, if done incorrectly, expensive. It doesn’t help that the audit process is set up so that most errors benefit the insurance company.
It's April 4th, 2017, which means it's National Beer Day! National Beer Day commemorates April 7, 1933, the day that the Cullen-Harrison Act was enacted. It was signed into law on March 22, 1933 by President Frankilin Roosevelt. Before Prohibition was completely repealed, this law allowed for the legal sale of low-alcohol beer in the U.S. Upon signing the legislation, Roosevelt made a famous remark: "I think this would be a good time for a beer", which noted the U.S.' 13 year dry spell.
When hiring employees you are unfamiliar with, it is important to check resumes, do basic background checks, and call employee references. Having a trustworthy staff is very important in running a viable business. Employee theft is is many times hard to track, and very difficult to prove, which is why it is very important to do what you can to prevent a loss. There are a many simple things you can do to help prevent employee dishonesty.
There are many benefits of having a food service at your brewery. Close to 35% of breweries in the U.S. fall under the brewpub category and many of them have restaurants. There are plenty of risks that come with having a food service or restaurant at your brewery, so many craft breweries don't offer such services. But, there can be many perks of having food service at your brewery if you are taking the proper precautions.
The rains have subsided a bit here in California, and summer is right around the corner. Clear skies, warm weather, and a beer in hand is, for many people. an ideal summer afternoon well. As a brewery owner, are you ready for the busy months ahead? We understand that being an owner is very time consuming, but during your "down time" it is a great opportunity to market your product.
When looking over your insurance policy, it is important to thoroughly read it, and understand your coverage and the limits of each coverage. This is especially important when you are in the first years of your brewery being open, when money is particularly tight, and you are budgeting for the future. It can be very helpful to the viability of your brewery if you have the right insurance coverage.