Opening your own vineyard or winery can be a fulfilling and lucrative business, but finding the right insurance is critical for your protection. With a variety of policies and coverage available, it may seem confusing trying to understand your different options. If you are planning on opening a new winery or vineyard, consider the following insurance options you could benefit from.
What Types of Insurance Should You Consider for Your Vineyard?
1. General Liability
One of the most common policies, general liability protects you from a range of unexpected events. Whether you host regular tasting events or allow parties, general liability safeguards you against injuries to guests or customers. It also encompasses customer property, providing you with the protection you need if damage occurs to a guest’s vehicle or personal items.
2. Business Insurance
Running a vineyard involves a multitude of tools, equipment, and shelter, all of which can be costly to repair if issues develop. With business insurance, you will be covered if your air conditioner for your storage room goes out, saving you money in lost products. You are also protected if the buildings you use for your business are damaged.
3. Commercial Auto
If your vineyard requires personal, company, or rented vehicles to be used during business hours, you want to get the coverage you need in the event of an accident. Commercial auto insurance offers you and your employees protection if you are involved in an accident, as well as contributing funds to any related medical expenses.
4. Workers’ Compensation
Your winery will rely on a varied skillset from several different employees, whether they work in the vineyard or host tasting events. Workers' compensation provides employers with the coverage they need to protect their employees if an injury occurs on the job, providing assistance with medical bills.
If you are considering running your own winery, consult the professionals at Tim Bryan Insurance in Andalusia, AL. He offers a full suite of insurance options, and he will help you find the coverage you need, whether you’re looking for life, auto, or property policies. To learn more about your insurance options as a business, contact him online or call (334) 222-1460.