Vineyard Insurance Information
As the owner of a vineyard, you face several unique risks. From severe weather to crop diseases or equipment losses, many hazards could place a financial strain on your operations. Securing vineyard insurance could help ensure your business is protected. The professionals at Benko Insurance Agency in Livermore, California, can discuss the different coverages that can be beneficial. Contact us today for more information.
What Is Winery Insurance?
Vineyards often have a winery as part of their operations. Insurance coverage is available for this aspect of your business as it may present additional risks and liabilities. State regulations may also be applicable.
What Coverages Are Available?
With the specialized nature of operating a vineyard or wineries, you need insurance coverage tailored to your operations. To customize your coverage, you can choose from a variety of options, including:
General liability insurance—This may provide coverage if your business is responsible for a third party’s injuries or property damage. It may help pay for medical expenses or legal fees.
Liquor liability—If you have a tasting room, winery, or serve alcohol, this coverage can protect your business if a person whom you served becomes intoxicated and causes damage or bodily injury.
Crop insurance—This coverage may provide financial protection if your crop sustains damage due to events such as severe weather, disease or other covered perils.
Workers’ compensation insurance—If employees suffer work-related injuries or illnesses, this coverage helps pay for their lost wages or medical bills.
Property insurance—Property coverage may protect your vineyard’s structures and out building if they are damaged by fire, windstorms, theft or other covered events. Additional coverage may also be available to help protect your machinery and equipment (e.g., wagons, trimmers) if they are damaged or stolen.
Auto liability—Vineyards often use vehicles are a part of their operations. If you or one of your employees is responsible for an auto accident while using one of those vehicles, this may help cover the associated bodily injury or property damage claims.
Products liability—This may provide coverage for medical expenses or legal fees if a claim arises that a product you made or sold caused bodily injury or illness.
Business interruption—If your business operations are temporarily shut down due to a covered event, this protection may pay for operating expenses (e.g., taxes and wages) while your operations are halted.
Other coverages to consider may include agricultural drift insurance, equipment breakdown insurance, and inland marine insurance. Contact your agent for more details.
How Does Vineyard or Winery Insurance Cost?
The cost of vineyard or winery insurance depends on several factors, including the size and location of your operations, your claims history, and your selected limits and deductibles.
The agents at Benko Insurance Agency can help you secure the needed coverages while working with your budget. Contact us at 925-447-7416 for more information or to request your quote today.