As a distillery owner, you're passionate about crafting unique spirits and beverages, but along with your artisanal creations come unique risks. Distilleries face a variety of challenges that can put your business at risk, making insurance a crucial aspect of your operation.
At Midland, we have been providing tailored insurance cover to Australian distilleries for over 10 years. Over that time, we've developed and curated unique distillery insurance programs that allow us to tailor a policy specifically to your business' needs.
You can also download our Distillery Fact Sheet here. This document provides some simple facts about insurance for distilleries, things to think about when starting a new distillery and how they'll impact your insurance premium.
We are a full-service insurance brokerage for distilleries of all sizes. This means we can provide you with a full analysis and review of your operation, meet with you face to face, clearly explain all aspects of your policy, and even manage your claims.
Running a distillery operation presents several unique risks due to the combination of intricate processes, specialised equipment, and the production of alcoholic beverages. These risks can have significant financial, legal, and operational implications. Here are some of the unique risks associated with distillery operations:
When you choose distillery insurance, you'll have access to a range of coverage options tailored to your specific needs. Coverage may include:
This provides coverage for your distillery's physical assets, including buildings, distillation equipment, tanks, barrels, and inventory. It typically covers losses due to fire, theft, vandalism, and natural disasters.
This coverage is designed to compensate for lost income when distillery operations are disrupted due to covered events, such as equipment breakdown, property damage, or a fire.
Distilleries can face product liability claims if their products are found to be defective or harmful. This coverage helps protect against legal claims related to product defects and their consequences.
This provides protection in the event of third-party injury or property damage claims arising from distillery operations or products. It covers legal expenses and potential settlements.
Distilleries rely on specialised equipment. Equipment breakdown coverage helps cover the cost of repair or replacement of essential distillation machinery if it fails or is damaged.
If a product recall becomes necessary, this coverage helps cover expenses related to the recall process, including notifying customers, retrieving products, and addressing public relations issues.
This is specific to the distillery industry and covers liability claims related to the distribution and consumption of alcoholic beverages. It's particularly important if your distillery has a tasting room or conducts events.
This coverage helps protect against financial losses resulting from contamination or spoilage of raw materials or finished products, which could lead to significant waste and damage to your brand.
It's crucial for distillery owners in Australia to work with an experienced insurance broker who understands the unique risks of the industry and can help tailor a policy to your specific needs. The coverage limits, deductibles, and premiums can vary based on the size and scope of your distillery, location, and other factors.
Choosing the right insurance provider is vital to ensure adequate coverage and support for your distillery. Here's just a few of the services we offer to our clients:
We work with insurance providers that specialise in distillery insurance, and we have a deep understanding of the intricacies and unique risks associated with your distillery business
We can help you assess and understand the potential risks your distillery faces, and can provide advice on risk management strategies to minimise potential risks and losses.
We've developed custom insurance programs that can be adapted to your distillery's size, operations, and unique traits, ensuring all aspects of your business are covered.
We work for you, not the insurance companies. We provide objective advice and are motivated to find the best insurance solutions for your specific needs. We offer guidance based on our extensive knowledge of the insurance industry, helping you make well-informed decisions.
In the event of a claim, we act as your intermediary between you and the insurance company. We ensure that the claims process is smooth, efficient, and that you receive the compensation you're entitled to.
Whether you run a craft distillery or a large-scale production facility, securing the right insurance is not only a smart business decision but a crucial step in safeguarding your passion and livelihood. With the comprehensive coverage options available through our unique distillery insurance programs, you can protect your assets, reputation, and financial stability, ensuring that your craft remains uninterrupted.
Contact Midland today to discuss your distillery insurance needs. We specialise in tailoring policies to meet the unique challenges faced by distilleries, and we're here to support you every step of the way.
Midland Insurance Brokers are proud members and sponsors of the Australian Distillers Association, and Spirits Victoria.