Essential Distillery Coverages
While every business we serve has unique needs meriting unique coverage, almost every business needs General Liability Insurance.
This coverage can help protect a Distillery against the costs of lawsuits filed by injured or damaged third parties as a result of a Distillery’s operations.
Considering the high cost of distillery equipment, Commercial Property Insurance is another important coverage for most distilleries to consider.
The last thing you need is an uncovered loss forcing you to close the doors of the distillery you worked so hard to build.
In the unfortunate circumstance that your distillery suffers an unexpected stop in operations, Business Income Insurance can help reimburse you for the resulting interruption in income.
Factoring in the fact that the average distillery needs multiple coverages, a commercial package policy (CPP) can be a great way to save money on insurance premiums.
A Distillery CPP commonly packages three basic coverages mentioned above:
General Liability Insurance: General Liability insurance is important for any type of small business, especially Distilleries. This coverage can help protect a distillery from financial damages incurred as a result of third-party lawsuits.
Commercial Property Insurance: This coverage can help with the cost of replacing a Distillery’s property, buildings, and equipment.
Business Income Insurance: Business Income Insurance is designed to help safeguard a Distillery against a loss of income resulting from interruption of business operations. It can also help with the costs of relocating and operating out of a temporary location during the recovery phase.
Because the needs of each distillery are different, the best way to know the coverage that makes the most sense for your business is with the help of a Tomins Insurance expert.
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