Share:

Winemaking is becoming increasingly popular in Missouri, with small vineyards popping up all across the state. For many entrepreneurial vintners, owning their own winery is a dream come true, but it does require significant investment and some amount of risk. To protect everything you’ve built, your winery needs specialized business insurance tailored to your unique needs.

4 Types of Insurance Every Winery Needs

1. Crop Insurance

business insuranceGrapes are notoriously delicate crops, so it only takes a single major storm to destroy your entire field. Crop insurance coverage will cover your losses if your harvest is ruined by wildfire, drought, insect activity, or any other unexpected disaster.

2. Property Insurance

Even the smallest winery requires fermentation tanks, bottling machines, forklifts, and harvesting equipment. Property insurance insulates your property and the building itself from a variety of risks, including theft, vandalism, fire, or major storms.

3. Liability Insurance

Offering tours and operating a tasting room are great ways to build engagement with your customers, but it does open you up to liability risks. If a visitor falls in the fields or gets injured in the warehouse, the liability coverage in your business insurance policy will shield you from expensive lawsuits. Your liability coverage will also protect you from legal action if pesticides or fertilizers damage a neighbor’s property.

4. Business Interruption Insurance

If a fire breaks out in the bottling room or a storm rips off your roof, do you have the resources to keep operating until repairs are completed? Roughly half of all businesses never reopen after a disaster, even if they have business insurance. A business interruption clause will ensure you can still pay your bills until you’re ready to reopen your doors.

 

If you’re opening a winery anywhere in Missouri’s Texas County or the surrounding areas, Mitchell Insurance Agency LLC will help ensure your investments are protected. Since 1949, they’ve offered business insurance policies from several industry-leading carriers, along with the personalized service you deserve. Visit their website for a closer look at their options, get more insurance tips on Twitter, or call (417) 967-2140 to make an appointment and request a quote.

tracking