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Every business needs adequate insurance, including wineries. In addition to the kinds of coverage that come with most business owner's policies—equipment breakdown, for example, and general liability—here are a few specific types of insurance that every winery needs for a profitable year. 

What Coverage Does My Winery Need?

1. Crop Insurance

Wineries need an adequate harvest every single year in order to keep producing vintages. If the weather fails to cooperate or pests overtake the vineyard, they won’t be able to grow grapes until the following year. Thankfully, crop insurance can reimburse you for associated losses if the grapes were damaged due to conditions such as hail, drought, or flooding. 

2. Business Interruption Insurance insurance

Since vineyards are an integral part of a winery, you must make sure they are adequately protected against the outside elements. In the case that a fire or storm sweeps through the property, you’ll want business interruption insurance to make up for the lost revenue until you rebuild. Since North Carolina can be unpredictable—especially during hurricane season—business interruption insurance is a must for all wineries. 

3. Inland Marine Insurance 

This type of coverage protects consumer goods while they’re being transported—for example, if bottles of wine were broken in a truck or train while en route to the customer after they had purchased them. Although the accident was out of your hands, the customer will not be expected to pay for the damaged goods, either. Inland Marine Insurance will protect you and your products in case of transportation mishaps.

 

Once your winery is up and running, turn to Mountcastle Insurance for a comprehensive business policy that meets your needs. Located in Winston-Salem, NC, this agency is proud to help clients across the Piedmont Triad protect their life’s work. Since 1890, they’ve been providing personalized service to individuals, families, and businesses. To explore all their products, visit their website. To request a quote, call (336) 777-8500.

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