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Running a winery is a fulfilling and fun business opportunity. A lot goes into running a successful operation, including commercial insurance to keep crops, equipment, customers, and the business as a whole protected. Here are some of the insurance options to consider. 

What Types of Insurance Do Wineries Need? 

1. Property Coverage 

Wineries cover ample acreage that needs to be protected from extreme weather events and pesticide drift. The property coverage will generally cover the cost of what was damaged and any business interruption costs you incur throughout the process. In some cases, insurance can even cover improvements or updates to your land. Stolen property can also be addressed under this provision. 

2. General Liability Insurance

General liability insurance is catch-all coverage if someone is injured while on the property. For example, if a guest at a tasting or vineyard tour falls and sues for damages, this insurance will cover their medical bills, attorney fees, and associated court costs. 

3. Equipment Breakdown Coverage

commercial insuranceWineries need a lot of equipment to convert the grapes into wine, age the product, bottle it, and transport it. If an essential component like a crusher destemmer, wine presser, or lift conveyor goes haywire, this coverage will cover the cost to repair or replace the equipment. It will also pay business interruption costs until normal operation is restored. 

4. Crop Insurance

Without grapes, there is no wine. If your vines are damaged or spoiled due to flood, fire, or insect infestation, crop insurance will help you cover the cost of what you lost during that season. Orchard and vineyard growers may need a specialized form of crop insurance that will provide a certain coverage amount per vine, as well as protection for harvested grapes and containers. You may need separate endorsements to cover transportation. 

 

To stay in business, a winery has to protect itself with commercial insurance. Charles Adams Insurance has been serving Ashland, KY, for over 100 years. Their highly trained staff has been helping the community stay protected with private and commercial insurance needs. Visit their website to learn more, or call (606) 325-9709 to speak to an experienced agent about how you can better protect yourself.

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