Say cheers to good risk management.
What pairs well with a nice wine? Good risk management. Whether you’re growing grapes, making wine, or selling sips, you’re taking on considerable risk. An insurance program designed for vintners and growers will help you manage those risks, meaning you can keep the wine flowing.
Common Vintners and Growers Coverage Types to Consider
Mavrix provides insurance for vintners, growers, and wineries. From crop protection to product liability, our coverages protect your harvest, equipment, and facilities through every season and vintage.
Small Winery Insurance Solutions
You work hard to keep our glasses full, but hard work isn’t always enough – some things are out of your control. A fire or severe storm could destroy your harvest, while an injury and subsequent lawsuit could threaten your bottom line.
You can’t always prevent losses, but you can take steps to reduce your risk and minimize the negative impacts. In addition to implementing programs to keep your crops, workers, and customers safe, one of the most important things to do is secure winery and vineyard insurance coverage. Generic business insurance policies may not suit your needs. As the wine industry faces unique risks, vintners and growers need tailored coverage.
Frequently Asked Questions
What is vintners and growers insurance and who needs it?
Vintners and growers coverage does not come as a single winery business insurance policy. Although it’s often possible to bundle policies, most businesses need multiple policies to protect their risks.
Vintners and growers insurance is coverage tailored to meet the needs of a variety of businesses in the wine industry. It is appropriate for vineyards, wineries, wine tours, tasting rooms, wine manufacturers, wine exporters, and other businesses that engage in growing, making, selling, or transporting wine.
What types of coverage does a winery or vineyard insurance policy include?
The types of coverage your winery or vineyard insurance includes will depend on the needs of your business. For example, if you grow grapes, you’ll need grape crop loss protection or crop insurance for vineyards. In addition to agricultural business insurance for growers, you should consider farm equipment insurance for vineyards. If you produce wine, you’ll want wine production liability insurance. If you entertain customers, it’s important to have general liability insurance with liquor liability coverage. Other important coverages include protection for employment-related claims, including workers’ compensation and employment practices liability. An insurance agent can help you put together a program that covers your risks.
How does crop insurance protect against grape loss or damage?
Multiple peril crop insurance protects growers against crop losses and reduced yields due to a variety of common perils, including adverse weather, plant disease, fire, drought, flooding, and insects. Growers should also consider purchasing crop-hail insurance. To protect your grape harvest, you need to comply with the terms of the policy, including a deadline for purchase and prompt reporting of losses. If you experience a loss, crop insurance will make up for some of the lost revenue, helping you to recover from the bad season.
Can vintners and growers insurance cover liability for tasting rooms and events?
Yes, vintners and growers insurance can cover liability for tasting rooms and events, but it’s important to secure the correct policy, with terms that meet your needs. When selecting vineyard property and liability insurance, look for a policy that covers third-party property damage, bodily injury, and liquor liability.
How do I choose the right insurance plan for my vineyard or winery?
Before settling on coverage for your vineyard or winery, you need to understand your coverage needs. A thorough risk assessment will help you see what losses are possible to prepare. It’s also important to compare your coverage options, paying attention to the fine print in the insurance policies available to you. Policy language that restricts coverage could leave you without the protection you need. An insurance agent who’s familiar with the risk management needs of vineyards and wineries and the insurance carriers that serve them can help you with the process.