Are all craft brewery insurance policies exactly the same? Of course not: each brewery is a unique business, with unique exposures that require a unique craft brewery insurance policy.
Are all craft brewery insurance agents exactly the same? Of course not. Each agent has unique experience and expertise that could work to the benefit—or the detriment—of your craft brewery.
In fact, it’s possible that the agent who sold you your craft brewery insurance policy doesn’t really have much experience in the world of craft brewery risk, exposure, and liability.
We were reminded of this point recently when we met with a very successful regional brewery to provide a craft brewery insurance quote. The conversation kicked off with brewery leadership complaining about the brewery’s insurance carrier, and how it was handling a spoilage claim.
But when we took a look at their existing brewery insurance policy, we saw the problem instantly. The brewery had filed a spoilage claim totaling hundreds of thousands of dollars—but their insurance policy only offered spoilage and contamination coverage totaling $25,000.
That is a standard spoilage and contamination coverage—but Beall Brewery Insurance never allows a client to stick with the standard brewery policy. We offer customized brewery insurance to each client, ensuring that our brewery clients have the right coverage for their particular exposures.
And when it comes to spoilage and contamination, we know how important it is to have sufficient coverage. Not only do we work with the brewery to ensure the policy provides sufficient coverage, we also ensure that it’s not coverage merely for the cost of ingredients that made up the contaminated batch of beer—but that the valuation of contaminated beer will be based on selling price, and so will include the brewery’s profit.
We understand that craft brewery owners and operators aren’t necessarily experts on craft brewery insurance. And if every craft brewery worked with an insurance agent who is an expert in craft brewery exposures and risks, that wouldn’t be a problem.
As we said before, every craft brewery insurance agent is unique—just as every craft brewery insurance policy is unique. So choose your craft brewery insurance agent wisely, build a partnership that will strengthen your brewery now and in the future, and then relax and focus on what you do best—brewing great beer.
And if you have questions about your current craft brewery insurance coverage, just contact us. We’ll be glad to review your policy with you so you can be sure your craft brewery has the coverage it needs.
For more than 25 years, Beall Financial and Insurance Services, Inc., has been helping corporations and individuals protect their most important assets. The agency’s client base covers a spectrum of niche businesses, such as craft breweries, that require specialized insurance packages and knowledge. With California offices in Redlands and Newport Beach, Beall Financial and Insurance Services serves clients nationwide.
