Colorado is known for its large number of talented beer makers. Brewery insurance is a highly specialized form of commercial insurance that is designed to meet the very specific needs for businesses owners in the brewing industry. This insurance can cover your business against a wide variety of hazards such as property damage, liability lawsuits, workplace injuries, and property crimes. Though it is not required by law, most brewery owners opt to purchase it.
The cost of brewery insurance is based primarily on the size of your business and your overall sales. While a small Colorado brewery can expect to pay less than $10,000 a year for coverage, larger breweries typically pay rates of more than $100,000 a year. Besides size and revenue, other factors that can influence your rates include the number of employees you have, the age and quality of your tools and equipment, whether or not your business serves food and beer on premises and your production safety plan.
We were looking to get new insurance in how much we have and I did a bunch of research online to find the best option. TrustedChoice let me select a couple different companies that were local and that got back to me shortly. Our company is different than most so there are some insurance companies that won't provide quotes to us, so we are happy we went with an independent agent.Danielle of Boulder, CO Consumer Affairs
Brewery insurance has been designed with the specific coverage needs of breweries in mind. It can cover your Colorado business against most of the risks it faces in all aspects of operations including production, distribution, and consumption. Many breweries are open to the public and serve food and beverages, and this creates additional risks that are covered by this comprehensive insurance. You can expect your policy to include such things as:
If your brewery is located in a flood zone or you are concerned about floods in your area, be sure to talk to your agent about commercial flood insurance.
There are currently 252 independent insurance agents in Colorado who are ready to help you find the best insurance policies to cover your brewery. Your agent can save you time and money by working with several different insurance companies to obtain the best coverage at the most competitive rates. Talk to an agent near you to start comparing customized brewery insurance quotes.