Owning or running a winery is hard business, plain and simple. Many people may not realize how much is happening on the back end to produce the smooth, palatable wine we like to enjoy on a nice Sunday. From harvest to crush, to fermentation and bottling, the process is grueling.
Growing up with a small, family-owned winery has been a blessing and has given me a unique insight into what makes a successful winery tick.
I have seen firsthand how time-intensive it can be and unfortunately, I have seen what can go wrong during these processes. With so many moving parts, the odds of something going wrong are inevitable. Maybe your fermenting wine is contaminated by accident, or a 200-gallon storage tank has a leak. Perhaps your bottling equipment breaks down, or you don’t have adequate crop protection from animals. Knowing the risks and applying proper winery insurance coverage and risk management programs is crucial to the functionality and survival of a business.
Here are a few of my personal recommendations for coverage to ensure you and your business are protected:
- General Liability
- Liquor Liability
- Crop Insurance
- Wine Storage
- Inland Marine
- Contamination and Spoilage
- Equipment Breakdown
- Tank Collapse/Leakage
- Key Employee Coverage
- Workers Compensation
Feel free to reach Colbey Schuster, Risk Advisor with TIG, at 573-875-4800 or email at cschuster@tigadvisors.com with any questions or inquiries. Click here to learn more about what winery insurance covers.
