Opening breweries require making substantial time and financial investments in the business, and those investments should be protected from liability and property risks when possible. One way that Massachusetts brewers can better protect themselves is by purchasing brewery insurance.
Brewery insurance is specialized commercial insurance for small- and medium-sized breweries. Policies generally offer both property and liability coverages.
Most breweries in Massachusetts should have some form of brewery insurance. Microbrewery insurance may be appropriate for small/medium local and regional breweries.
Businesses such as distilleries and wineries have some coverage needs that are similar to breweries. While a microbrewery policy might meet their needs, there may be a better option that's more tailored for these businesses.
Additionally, restaurants and bars that have breweries might have some coverage needs in common with breweries. These businesses frequently have additional coverage needs that may be better met by an alternative commercial insurance policy, though.
Breweries, distilleries, wineries and restaurants should all work closely with an insurance agent who knows these policies well. A knowledgeable agent will be able to recommend the most appropriate type of policy.
Most microbrewery insurance policies come with multiple insurance coverages so that they can protect against many different risks. These coverages include both property and liability coverage.
Property coverages generally protect physical assets against damage, loss or failure. Some property protections that policies might make available are:
Liability coverages broadly protect against situations where a brewery could be held responsible for property damage, injury or other harm. Some liability coverages that policies might offer are:
An experienced insurance agent can help breweries sort through all of the available coverages, and select which ones are most appropriate for them.
Workers' compensation broadly protects against employee injuries that occur at the workplace, and the coverage is usually required by state law. Although most breweries need this coverage, it’s not always purchased within a microbrewery policy.
Sometimes microbrewery policies include workers comp, but other times the coverage has to be purchased separately. Workers comp is readily available one way or the other.
Microbrewery policies' premiums vary, often according to annual sales, brewery size, location, past claims history and other factors. Policies tend to be affordable for even small breweries, however, and certainly cost less than what a major claim could be if no insurance is in place.
An independent insurance agent can help breweries compare policy coverages and rates across different options. Independent agents aren't obligated to favor any one insurance company, and thus can show policies from several companies.
If you need help insuring a local or regional brewery that's based in Massachusetts, contact the team of independent insurance agents at Garrity Insurance. Our agents are well-versed in the coverages that breweries often need and these policies usually offer, and we'll make sure you find a brewery insurance policy which protects your particular brewery well.