What Is Winery Insurance?

Winery businesses face a unique set of risks, and winery insurance can help mitigate the potential negative financial impact of those risks.

Contact Benko Insurance Agency in Livermore, California, for guidance when you are ready to purchase business insurance for your winery.

What Types of Insurance Do Wineries Need?
Whether you have a winery or wine cellar, work in the wine exporting business, operate a crush facility or have another type of company in the wine industry, having the right insurance is critical to your operation.

Here are some of the policy types your agent may recommend:

General liability insurance. This policy helps pay for third-party damages that occur on your property or that are caused by your product.
Commercial property insurance. This policy helps pay to replace your winery’ ’s physical assets and structures after a covered event such as a fire or vandalism.
Workers’ compensation insurance. This type of insurance helps pay medical bills for work-related incidents resulting in illness or injury if your winery has employees. Commercial auto insurance. This policy helps covers expenses resulting from an auto accident involving a company-owned vehicle.

Depending on specific details about your winery, your agent may also recommend the following add-ons or endorsements:

Orchard and vineyard property helps cover costs related to damaged vines and harvested grapes.
Wine leakage and contamination helps cover losses related to cork taint, oxidation, contact with contaminating substances and accidental leakage from barrels or tanks.
Inland marine helps cover damage or loss of business property stored away from the business or in transit.
Equipment breakdown helps cover financial losses related to unexpected equipment breakdowns.
Liquor liability insurance helps pay for third-party claims of bodily injury or property damage caused by someone who becomes intoxicated while visiting your vineyard.
Agricultural drift insurance helps cover damage and legal costs if chemicals intended to treat your crops damage neighboring animals or crops.
Winery property helps cover packaging errors, blending mistakes and spoilage, in addition to other costs related to packing and producing wine.

How Much Does It Cost to Insure a Winery?
Winery insurance premiums vary by insurer, but there are a few other essential factors that affect your winery’s insurance costs.

To determine rates, insurance companies use information about your company’s claims history, whether you produce wine on-site or at another location, where your company is located, whether you offer tours or have a wine room open to the public and the size of your operation.

How to Get Winery Insurance
Many of the criteria above are outside your control. But your independent insurance agent can shop around for the ideal combination of price and coverage for your winery. Contact the agents at Benko Insurance Agency today to get a personalized insurance quote for your winery.

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