Owning and operating a vineyard or winery comes with a wide range of risks, and determining all the different kinds of protection you need can be a challenging task. In addition to being part of the agricultural industry, these businesses deal with manufacturing and distribution processes and are often open to the public. As such, it’s essential to make sure your insurance policy covers all the unique perils your vineyard or winery has the potential to face. Just one disaster can place your operations under significant financial strain. While every winemaking business has its coverage requirements, here are a few options you may consider including in your risk management plan. 

What Kind of Insurance Coverage Is Important for Vineyards & Wineries to Have?

1. Liability 

There are a number of liability concerns you must protect against when running a vineyard or winery. If you hold tours and tastings, you’ll need liquor and general liability insurance to help pay for property damage and bodily injuries involving your guests. Professional liability coverage is also essential if your product is recalled for contamination or making consumers sick.

2. Property 

Vineyards and wineries require a substantial investment. In the event your property is damaged or destroyed by a covered event, property insurance will help you get back up and running as quickly as possible. Coverage will provide the funds necessary to repair or reconstruct the building and replace its contents, such as your stock and winemaking equipment. You can also add endorsements to your policy for tank collapses and leaks and contract cancellations. 

3. Crop 

Grape crops are vulnerable to flooding, pests, drought, wildfires, harsh weather, and disease. Because vines need a certain amount of time to recover from any damages they sustain, there is potential to lose more than a year’s worth of production. Any time your crop is compromised, your business’s bottom line will suffer. Crop insurance will help reimburse you for crop damage. 

4. Inland Marine 

If you store and ship your final product, you must take the proper steps to preserve its quality. Inland marine coverage will ensure your products are protected no matter where they are. You will be covered for direct physical loss or damage of inventory, as well as bottles that are being transported. 

Like any entrepreneur, vineyard and winery owners need a trusted advisor to help them find the most suitable protection for their business. At Integrity Insurance Solutions, the agents will carefully assess your operations and customize an insurance program tailored to your needs. They have partnered with a variety of reputable carriers who can provide you with high caliber products at reasonable rates. Call their San Marcos, TX, office at (512) 396-2211 to request an appointment, or visit them online for more information about the services they offer.