The craft beverage industry is booming. U.S. craft brewer sales rose by 4% in 2019. Now, these brewers hold 13.6% of the U.S. beer market1. This growth highlights the importance of proper insurance for places like brew pubs and taverns. They face unique risks that require special coverage. But what kind of insurance do these businesses really need?
This guide will dive into the insurance solutions perfect for brew pubs, taverns, and the craft beverage world. We’ll cover everything from liquor liability to protecting your property. Our goal is to make sure your business can keep growing, no matter what challenges come your way.
Key Takeaways
- Craft beverage sales continue to grow, reaching 13.6% of the U.S. beer market by volume in 20191
- Specialized insurance coverage is essential for brew pubs and taverns to manage their distinct risks
- Liquor liability, property protection, and business interruption insurance are key parts of a strong policy
- Customized risk mitigation strategies can help breweries and pubs get ready for the unexpected
- Working with independent insurance agents can ensure you get the coverage you need at a good price
Comprehensive Coverage for the Craft Beverage Industry
Running a brew pub or tavern has its own set of risks. Our Brew Pub Insurance is designed to meet these needs2. It covers general liability, liquor hazards, property, and more. We know what the craft beverage world requires and customize our plans for you.
General Liability, Liquor Liability, Property, and Excess Liability
If you’re in craft brewing, you know about various risks. These can range from equipment failures to event liabilities2. Our insurance protects against injuries or property issues during tours or while savoring your brews elsewhere2. It also guards your brewery’s assets, including problems like leaks or the extra costs to maintain your tanks.
We even provide product recall support. This helps with beer pulls due to quality issues causing harm, or to cover losses from packaging mistakes2. Then, there’s our workers’ compensation. It ensures both you and your workers are looked after in case of job-related injuries or sickness2.
The world of craft beverages is always changing. We keep up by adjusting our coverage to match your new needs3. No matter if it’s a brew pub, a distillery, or a winery, we have the right policies. Let us safeguard what matters to you.
Travelers works alongside top-tier insurance companies to protect the craft beverage field3. Our specialists understand the industry’s challenges. This includes dealing with rivals, adhering to rules, and ensuring your products’ quality3. With our dedicated plans and advice, we aim to steer your business towards success, no matter the hurdles.
Tailored Insurance for a Diverse Range of Events
Brew pubs and taverns are lively places in the craft beverage scene. They host a mix of events like art exhibits, festivals, concerts, and trade shows. Our special Brew Pub Insurance is perfect for these occasions. It offers the right coverage for you. This includes everything from Tailored Insurance Coverage to specific Event Insurance needs, making sure you’re protected.
Art Exhibits, Festivals, Concerts, and Trade Shows
Planning an Art Exhibit, Festival, Concert, or Trade Show? We’ve got your back with our coverage. You’ll be protected with liability insurance and property safety. We’ve designed our plans to fit what these events need.
| Event Type | Key Insurance Considerations |
|---|---|
| Art Exhibits | General Liability, Property, Liquor Liability, Excess Liability |
| Festivals | General Liability, Property, Liquor Liability, Excess Liability, Event Cancellation |
| Concerts | General Liability, Property, Liquor Liability, Excess Liability, Event Cancellation |
| Trade Shows | General Liability, Property, Liquor Liability, Excess Liability, Exhibitor Liability |
We make sure you’re ready to host with our insurance solutions. They protect your business from risks and liabilities4. We cover the unique needs of various events. This way, you get the insurance coverage that fits and keep your business safe and sound.
“Comprehensive event coverage is essential for brew pubs and taverns to protect their businesses and provide a safe environment for their guests.”
Our agency knows the deal when it comes to hosting events. That’s why we have special insurance solutions just for Event Insurance5. Partnering with us lets you focus on what matters: creating memorable moments for your guests. We take care of the insurance stuff for you6.
Commercial Package Policy for Restaurants and Breweries
Understanding insurance is tough for restaurants, breweries, and brew pubs. But, a Commercial Package Policy (CPP) makes it easier. It gives your business a lot of different protections in one plan.
This plan includes key coverages like liquor liability and commercial property. It also has general liability and a BOP7. Using one policy for all these needs simplifies things and ensures you’re well-protected.
The CPP can also have special protections for places like breweries. For them, there’s the Craft Beverage Commercial Property Endorsement. It offers extra coverage for things like tank leaks and special water needs7.
Restaurants have their own risks, like food contamination. The CPP can help with this through special endorsements. For example, it covers you if food gets accidentally contaminated7. It also helps with the costs of recalling possibly harmful products7.
The CPP can fit any food or drink business. It includes protections like equipment breakdown coverage and liquor liability. This ensures your business can face many risks head-on7.
Choosing a strong insurance provider is key. The Cincinnati Insurance Company is a great option. They have a top financial rating and their customers are happy. This makes their policies even more valuable7.
Brew Pub Insurance: Protecting Your Unique Risks
As a brew pub or tavern owner, you face special risks and need unique insurance8. In the United States, there are over 7,000 craft breweries, showing a growing trend8. Small craft breweries, cideries, and distilleries often have very tight budgets8. Our Brew Pub Insurance understands and protects the needs of the craft beverage industry8.
We offer coverage for liquor liability, property protection, and more, to ensure your business is safe89. Breweries must have a minimum of $1 million in general liability per incident. They also need $2 million in general liability coverage total9.
Liquor liability coverage by PHLY can protect against alcohol-serving risks up to $1M per event and $2M overall8. They also give $1M general liability coverage for premise incidents, such as injuries on site8. An umbrella/excess policy from PHLY adds more security on top of your current insurance8.
For craft breweries and distilleries, PHLY provides spoilage coverage. This protects against losses from perishables due to breakdowns or power loss8. This is important for businesses that must keep their products fresh8.
“Brew Pub Insurance from PHLY gives us the coverage needed. It safeguards our business from unique risks and helps us stay open through challenges.”
The craft beverage industry requires special insurance solutions. Our Brew Pub Insurance is made just for your needs. It keeps your business safe and competitive8910.
Liquor Liability Insurance: A Must-Have for Alcohol Service
Liquor liability insurance is key when you’re in the craft beverage business. It helps protect your place, whether it’s a brew pub, tavern, or restaurant. It keeps you safe from claims because of alcohol-related issues11.
Once you’re in the business of serving alcohol, up to 80% of your earnings might come from that. But, it also means more chances of being held liable. This insurance guides you through those risks, saving you from expensive legal matters11.
In states like California, where craft beverages are big, this insurance is even more critical. California has many businesses with liquor licenses and offers over 50 types of these licenses. Liquor liability insurance is the shield you need against the costs of alcohol-related accidents or legal cases11.
This insurance also shows you’re serious about safe alcohol service. In places like California, serving staff need to get certified. By getting this insurance, you tell everyone you care deeply about safety and following the rules11.
Regardless of your business type, if you serve alcohol, you must have liquor liability insurance. It keeps your place, your team, and your guests safe. With the right coverage, you can focus on giving your customers a fantastic time without worrying about financial dangers from the drinks you serve111213.
Property Coverage: Safeguarding Your Physical Assets
If you own a brew pub or tavern, your physical assets are key to your success. This includes everything from the buildings you use to the furniture and inventory. They need strong protection against risks like fire, theft, and natural disasters14.
Buildings, Furniture, Equipment, and Inventory
Your buildings form the core of your business, whether old or new. We offer coverage to protect these assets. It ensures you can rebuild after unexpected events14.
Your furniture, equipment, and stock are crucial for daily operations and customer service. Our policy helps protect them, reducing the financial hit from damage. It lets you bounce back quickly14.
| Asset Type | Typical Coverage Limits | Average Annual Premium |
|---|---|---|
| Buildings | $500,000 to $2,000,000 | $1,500 to $5,00015 |
| Furniture and Equipment | $50,000 to $500,000 | $500 to $2,50015 |
| Inventory | $25,000 to $250,000 | $250 to $1,50015 |
Our property coverage aims to keep your assets safe. This way, you can always serve your customers, despite any unforeseen challenges. By protecting your buildings and assets, we let you focus on what’s important: providing great experiences and growing your business14.
“Our property coverage gives me the peace of mind to focus on running my brew pub, knowing that my essential assets are protected.”16 – Jane Doe, Owner of Craft Brew Pub
Business Interruption Insurance: Staying Afloat During Closures
Events like fires or natural disasters can temporarily close your brew pub or tavern. Business interruption insurance steps in at these times, keeping you financially afloat. It protects your lost income and covers ongoing costs17. This ensures your craft beverage business can survive for the long haul.
Business interruption insurance is usually part of your property insurance policy. It covers risks named in the policy17. Some plans cover all risks not listed as exceptions in the policy17. It’s important for business owners to know about any limits in their coverage as their business expands17.
Two main types of this insurance exist: Limited Indemnity and Extended Indemnity. Limited Indemnity helps until damage is fixed, but it doesn’t seek to fully restore lost income. Extended Indemnity works until the business’s income is back to normal17.
| Benefits Covered | Exclusions |
|---|---|
|
|
More than the basic coverage, you can opt for extra protections like Leader Property and Service Interruption18. Having multiple policies can broaden your coverage. But, understanding each policy is crucial17.
To set the right coverage limit, business owners should consider their earnings and future profits. This helps avoid extra costs in a closure. Coverage is often based on expected earnings, starting a bit after closure happens17.
“Business interruption insurance is essential for brew pubs and taverns. It helps them survive sudden closures and stay in business for the long run.”
In a growing craft beverage market, business interruption insurance is key. It guards against income loss and helps maintain market position during closures1718.
Customized Risk Mitigation Strategies
At the Brewery Insurance Program, we get the challenges the craft beverage sector faces19. That’s why we tailor our risk mitigation strategies to boost your confidence. Our solutions dig deeper than just standard coverages. They tackle the specific risks craft beverage businesses often run into.
Assault and Battery Coverage, Cyber Liability, and Crime Insurance
Our plans include assault and battery coverage. This keeps your business safe during physical scuffles. It makes sure you’re protected from any legal or medical costs19. Also, our cyber liability insurance guards against cyber threats19. And our crime insurance covers theft and fraud, offering peace of mind19.
We cover the special risks you face in the craft beverage world19. Our strategies provide the shield you need. This lets you concentrate on making top-quality brews for your customers.
“The Brewery Insurance Program changed everything for us. Their tailored shields, like assault coverage and cyber protection, let us run our place worry-free.”
– John Smith, Owner, Acme Brew Pub
Are you a seasoned brewer or just starting? Let us protect you from this industry’s unique challenges19. We’re here to ensure you can focus on what you do best. Serving up amazing craft drinks your customers love12021.
Affordable and Comprehensive Policies
At [Insurance Provider], we know it’s vital to find the right balance. We offer Affordable Insurance along with Comprehensive Coverage for your brew pub or tavern in the Craft Beverage Industry. Our policies keep you safe without costing you too much22.
We use our know-how and relationships to bring you great deals. Our solutions are just right for the craft beverage industry’s special needs22. More and more, insurers are crafting better policies for this fast-changing sector22.
Our insurance covers many important areas. You get protection for general and liquor liability, your property, and more. We offer cover for boilers, supply chains, spoiled products, and specific liquor liabilities for brew pubs2223.
| Coverage Type | Key Benefits |
|---|---|
| General Liability | Protection against third-party bodily injury or property damage claims |
| Liquor Liability | Coverage for claims related to the service or sale of alcoholic beverages |
| Property | Safeguarding your physical assets, including buildings, equipment, and inventory |
| Excess Liability | Additional liability coverage for enhanced protection |
| Boiler and Machinery | Protection for your brewing equipment and machinery |
| Supply Chain | Coverage for disruptions in your supply chain |
| Spoilage and Product Recall | Protection against losses due to spoilage or the need to recall products |
No matter your size, from small to large, we can provide what you need. Our expertise and connections ensure Affordable Insurance and Comprehensive Coveragethat fit your brewing business222324.
“Our policies are designed to protect your business and give you peace of mind, so you can focus on crafting your best brews and providing an exceptional experience for your customers.”
Contact us today to find out more about our tailored Brew Pub Insurance. Let us help keep your Craft Beverage Business secure24.
Working with Independent Insurance Agents
Getting the right Brew Pub Insurance is crucial. An independent insurance agent can really help. They are experts in the craft beverage industry. They give you advice that’s just for you25. These agents sit down with you. They learn about your business and what could go wrong. Then, they suggest the best insurance for you.
Independent insurance agents can choose from many insurance companies. This is different from captive agents who pick from just one company25. Because of this, they can offer you lots of choices. They try to find you a plan that is both good and affordable for your brew pub or tavern25. They really care about helping the local community. So, they work hard to make sure you get the right insurance in a way that matches your needs.
For your craft beverage business, having the right insurance is key26. Independent agents look at your brewery’s details, your location, and the special risks you face26. They help with lots of insurance needs. This can include general and liquor liability, or even protection for your property27.
Choosing an independent insurance agent means better protection for your brew pub or tavern26. They offer plans that are made just for you. With their knowledge and many options, they keep your business safe. This gives you peace of mind25.
Conclusion
Ensuring your Brew Pub Insurance or tavern has the right insurance is key. It’s vital for staying successful and stable over time28. With a reliable partner, your business can benefit from tailored solutions. These deal with the special risks of the Craft Beverage Industry, including general and liquor liability and more2930.
Choosing the right Comprehensive Coverage is an investment in your brew pub or tavern’s future. It’s about making sure it keeps growing and doing well. Our experts can build you a custom insurance plan. It focuses on dealing with your specific risks2830. They provide strategies to lower claims and costs.
Begin by finding a provider who knows the craft beverage world’s challenges. With their help, get the coverage that will let you excel. This lets you concentrate on providing top-notch experiences for your customers282930.
FAQ
What are the core insurance coverages included in Brew Pub Insurance solutions?
How does Brew Pub Insurance cover events hosted at my place?
What is a Commercial Package Policy (CPP) for restaurants and breweries?
What unique risks does Brew Pub Insurance address for my business?
Why is liquor liability insurance crucial for my brew pub or tavern?
How does property coverage benefit my brew pub or tavern?
What is the importance of business interruption insurance for my craft beverage business?
What additional risk mitigation strategies are included in Brew Pub Insurance?
How can I ensure I have affordable and comprehensive Brew Pub Insurance coverage?
What are the benefits of working with an independent insurance agent for my Brew Pub Insurance needs?
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