Craft beverages are one of the fastest-growing industries in the US. This trend is evident in North Texas, where a new distillery pops up seemingly every month. Most small business owners know that they need a form of small business insurance, but did you know there is a specific form of insurance for distilleries? Arthur Blake Insurance offers a custom insurance policy for distilleries. Our well-versed agents crafted this policy to ensure the complete protection of your business.
What is Distillery Insurance?
Distillery insurance exists to protect your distillery from some of the unique risks in the craft beverage industry. However, it is essential to remember that distilleries also need coverage for every other business’s risks.
Liability Insurance
Just like any other business, distilleries need liability insurance. However, in addition to general liability insurance, your distillery may also need liquor liability insurance. If your distillery serves alcohol at any time, you need liquor liability insurance. It would be best if you kept this in mind before hosting any tastings or events at your distillery.
Commercial Auto Insurance
Commercial auto insurance is necessary for any business that uses vehicles for business purposes. For distilleries, this generally applies if you make your own deliveries.
Stills & Property Insurance
Property insurance is vital for distilleries, just like it is for every business. However, it is essential to remember that distilleries have many expensive items like boilers and stills that most companies do not have. Stills and boilers are extremely expensive and often come from overseas, so one going down can interrupt business for a while. Due to those long lead times, you need to consider how much it costs to repair or replace the equipment and how much money you lose while they are out of commission. Luckily, Arthur Blake Insurance includes coverage for business interruptions and the extra expenses that come with replacing equipment.
Product Coverages
Any business that makes food or drinks needs coverage for spoilage or recalls and distilleries are no different. You must have coverage to protect your company if a batch of whiskey was contaminated and made someone sick. You also need to consider spoilage coverage. While spoilage is not as much of an issue with alcohol, it never hurts to be careful.
If you are thinking about opening a distillery in Dallas, Texas, or do not feel your current distillery insurance is up to snuff, Arthur Blake Insurance is the way to go. Our distillery insurance policies cover everything listed above, in addition to worker’s compensation and more! Please do not hesitate to contact our agents at 972-954-6383! Don’t forget to follow our on social media to keep up to date with all the new distillery insurance information.