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.
Proper coverage- As an insurance consultant, our job is to get to know you and your breweries operations, so we can place the proper coverage. There are many aspects of your business that go into providing the right coverage because every brewery has different risks and different needs for insurance. Having your brewery properly covered can be the difference in continued growth, or an early close. Being properly covered means understanding all the risks that come along with owning a brewery, and having the best possible coverage for each risk.
Limits- You may have the right lines of coverage in place, but don't have the right right limits for each of those lines. Now, this may not be as detrimental as not having any coverage at all, but having the right limits will help keep money in your pocket if an incident does occur. It is important that your agent truly understands all facets of your breweries operations because there is a lot that goes into running a successful brewery.
More times than we would like, we have seen breweries that aren't properly covered and an incident occurs that puts them on the verge of a close. We understand that there are countless hours that are put into opening and running a successful brewery, and we hate to see that go to waste due to a lack of coverage. If you have any questions about your coverage, or feel that you may not be properly covered and want a second opinion, please feel free to contact us.