Craft Beverage Insurance in Colorado
Protecting your Craft Beverage Equipment
Equipment breakdown coverage on your craft beverage insurance policy can protect your business from the financial impact of an equipment loss.
While means and methods will vary, one item that all craft beverage manufacturers in Colorado share is dependence on their equipment. That’s why it’s important to make sure you include equipment breakdown coverage as part of your insurance portfolio on your craft beverage insurance policy if you’re a craft brewer, distiller or winery owner.
When most of us think about insurance protection, we think of insuring against fire, wind, theft or injury to other parties due to our negligence. But what about an electrical arc that interrupts the power supply, a sudden compressor failure on a glycol chiller or the sudden breakdown of your grape crusher/destemmer? These can be expensive items to repair or replace, and the downtime may prove more costly due to the lost revenue and time it may take to get replacement equipment.
Most traditional craft beverage insurance property policies exclude the sudden and accidental breakdown of mechanical, processing and heating and cooling equipment. A separate equipment breakdown policy or endorsement (a policy addition) is often required to insure these items properly. Many machinery and equipment policies include coverage for ammonia contamination and product spoilage due to temperature or humidity changes when vital equipment is suddenly damaged.
Consider these scenarios:
- Your heating boiler explodes, causing extensive damage to your brewhouse and building. Equipment breakdown coverage can cover the damage to your equipment and your building.
- A gear in a bottling line suddenly breaks, shutting down production. Equipment breakdown coverage can pay for your cost to repair or replace the damaged gear, up to the limit of your policy, and could also cover your lost income or extra expense caused by the accident.
In addition to covering the specialized equipment used in your craft, consider routine breakdown of equipment common in many business categories: air conditioning equipment, air tanks, electric motors, electronic data processing equipment, fans and blowers, water heaters and more. All of these can be covered under an equipment breakdown policy or endorsement on your craft beverage insurance policy.
Consider this important coverage to round out your insurance protection. By insuring your equipment against failure or breakdown, you can greatly reduce the financial impact to your business when they occur. Bolder Insurance is a member of the Brewer’s Association and can provide you with the proper Craft Beverage Insurance policy for your business.
Select the Bolder Agency
With Bolder Insurance you have access to one of the top independent agencies in the Country. We work with many of the top rated insurance carriers offering Craft Beverage Insurance Programs that can offer:
-Three-year package policies with rates that won’t increase during the term (available in most states for many coverages)
-A management team specifically dedicated to keeping your program on the leading edge
-Superior Claims Services provided by professionals that typically live in or near your community
-Loss control services and programs helping you to reduce or avoid loss and plan ahead for a catastrophic event
-Bolder Insurance works with the Companies with high financial strength ratings from A.M. Best co. so they will keep their promises and pay claims.
-Bolder Insurance is a proud member of the Brewer’s Association since 2013.
A Program that Delivers
At Bolder Insurance your Craft Beverage Program insurance protection starts with our standard commercial property and general liability coverages and allows customization for your specific insurance needs:
Craft Beverage Commercial Property Endorsement Package
-Contract cancellation expense coverage
-Coverage for food contamination business interruption
-Utility service coverage
-Coverage for water backup
Brewery Property Endorsement
-coverage for loss of processing water
-Tank collapse coverage
-Tank leakage coverage
Restaurant Property Endorsement
-Coverage for good on consignment at your premises
-Key employee replacement expense coverage
Data Compromise and Identity Theft Recovery Expense Coverage
-access to breach preparation tools and services to protect your organization
Product Recall Expense Coverage
Adding More Coverages to the Mix
You can purchase additional coverages:
-Craft beverage crime coverage
-Food and beverage transportation special coverages
-Product contamination and adulteration
-Equipment breakdown coverage
-Commercial general liability extended liability
-Liquor liability
-State and Federal liquor tax bonds
-Electronic data processing
-Crisis event expense coverage
-Chemical drift limited liability coverage
Commercial Umbrellas
Purchasing a commercial umbrella policy covers your liability for claims above and beyond the amount covered by your primary policy.
