When you operate a vineyard and winery, you have insurance needs that run the gamut from business coverage to farm insurance. In addition to growing crops, you may also be involved in wholesale or retail activities. Because of this, you have a broad and unusual risk profile. Below are some of the key types of coverage to consider to protect yourself and your business.

Business & Farm Insurance Coverage You Need for Your Winery

1. General Liability

Vineyards and warehouses can be dangerous places. Each features the use of powerful, heavy equipment, and accidents are not uncommon. General liability pays for repairs and medical treatments if you or your workers should injure someone or damage their property. It also pays for the legal fees arising out of such an incident.

2. Workers Compensation

While liability coverage pays for injuries to others, workers comp pays for workplace injuries and illnesses to your employees. Ohio requires employers with one or more employees to maintain this coverage, but it benefits you, as well. To take advantage of the free medical care, workers must waive their right to seek additional compensation from you—thus, it minimizes your chances of being sued.

3. Property Insurance

Property coverage comes in two varieties: premises and personal property coverage. Premises coverage pays for damages to your buildings, including home, barns, fences, warehouses, and other structures. Personal property coverage pays for losses to business equipment, electronics, furniture, appliances, inventory, and other materials used in running your operation. Both protect against fire, storms, falling objects, and vandalism, while personal property insurance also covers theft.

4. Crop Insurance

Crop insurance protects you financially in two ways. First, it pays for losses to your grape crops resulting from natural disasters such as drought, hail, fire, or floods. Second, it guards against revenue loss due to the unexpected decline in market prices. Thus, you are less vulnerable to the whims of fortune.

For invaluable assistance designing a business or farm insurance policy to protect your vineyard or winery, contact Kramer-Myers & Werring-Dickerson Insurance, the premier independent insurance agency in Batavia, OH. They have been helping clients protect themselves against misfortune since 1960 and, in addition to farm insurance, they also specialize in home, life, business, renters, and auto insurance. Visit their website to connect with them online or call (513) 732-1461 to request an insurance quote.