Micro Brewery
Still small but no longer a backyard hobby, your brewery is taking shape as a real business.
You’re starting to employ people, your micro brewery is now a destination with tours, tastings and serving food.
You’re also travelling around the region, showcasing your craft beers at festivals and events, trying to get your beers ranged in a few more shops. Life is still hectic and there is a lot still to learn.
One of the biggest issues is quite how many obligations, responsibilities and risks you are exposed to.
You must have
Property & Asset Insurance
This covers all the stuff you need to make beer – tanks, pumps, mash urns, electrical equipment – and includes the buildings, contents and stock* in case certain events happen.
These include fire, storms, malicious damage, explosions, earthquake, wind, and leakage of liquids, including water.
Any one of those events could be enough to stop the business. Which would be devastating.
* Including customers & supplier’s goods.
Public & Products Liability Insurance
If members of the public come onto your business premises, then you must have this. Whether it’s brewery tours, your own taproom, bar area, or suppliers coming onto the site, your business is exposed.
During daily business activities, accidents and mistakes can happen. If they cause injury, losses or damage your business is potentially liable.
Public Liability insurance protects your business for any such events, including injury to other people, or their property.
Products Liability covers you if your products injure or damage a third party. You are responsible at law – and need protection.
Workers Compensation Insurance
The moment you employ people you must have Workers Compensation Insurance. It’s compulsory and a legal requirement for anyone the legislation deems is a “worker”. It protects employers from financial costs when a worker sustains a work-related injury or disease.
Western Australia, Northern Territory, Australian Capital Territory and Tasmania are all underwritten direct by insurers. Victoria is managed by Worksafe and underwritten by insurers, and New SouthWales and Queensland are underwritten by the State Governments. We can assist you to organise this insurance for your business.
And need to consider
Commercial Vehicle Insurance
Your vehicles are an essential tool of the trade. Visiting suppliers, distributors, customers or simply carting supplies and brewing equipment around.
Commercial Vehicle Insurance covers your business for any damages to the vehicles you use or any damages they cause to people or property.
Business Interruption or Profits Insurance
Loss of Profits or Business Interruption Insurance pays your operating expenses while your business is recovering from a disaster. Which often takes much longer than you realise. All the while your expenses still need to be paid, even though there is no money coming in.
There is almost no point in having property and assets insurance without this. If a disaster strikes this cover future proofs your business, protecting your bottom line.
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