Colorado Craft Brewery Insurance

Crafting a fine brew is an art, a science, and a business. As a brewer in Colorado, you're part of a vibrant and growing industry. But with the excitement of brewing comes a host of risks. That's where craft brewery insurance comes in. This guide will take you through everything you need to know about securing the right coverage for your brewery.

There are several types of insurance coverage that are particularly relevant to craft breweries. These include property insurance, general liability insurance, liquor liability insurance, and workers' compensation insurance.

Property Insurance

Property insurance covers damage to your brewery's physical assets, such as buildings, equipment, and inventory. This could include damage caused by fire, theft, vandalism, or natural disasters. It's important to ensure that your policy provides enough coverage to replace your assets if they're completely destroyed.

Some property insurance policies also cover business interruption, which provides compensation for lost income if your brewery has to shut down due to a covered event. This can be a lifesaver for small businesses that might not have the cash reserves to weather a prolonged closure.

General Liability Insurance

General liability insurance covers claims for bodily injury or property damage that occur on your premises or as a result of your operations. For example, if a customer slips and falls in your tasting room, your general liability insurance would cover the resulting medical bills and legal costs.

This type of insurance also covers claims for advertising injury, such as defamation or copyright infringement. While you might not think of these risks as being particularly relevant to a brewery, they can arise in unexpected ways - for example, through your social media posts or promotional materials.

Liquor Liability Insurance

Liquor liability insurance is a must-have for any business that sells alcohol. This type of insurance covers claims for injury or damage caused by intoxicated patrons. In many states, including Colorado, businesses that sell alcohol can be held liable for damages caused by their customers after they leave the premises.

Without liquor liability insurance, a single incident involving a drunk customer could lead to a devastating lawsuit. This coverage is often required by law, but even if it's not, it's a wise investment for any craft brewery.

Workers' Compensation Insurance

Workers' compensation insurance covers medical expenses and lost wages for employees who are injured on the job. In Colorado, this type of insurance is mandatory for most businesses with employees.

Breweries can be dangerous places to work, with risks ranging from burns and cuts to repetitive strain injuries. Workers' compensation insurance protects your employees while also protecting your business from the financial impact of workplace accidents.