Molson Coors, Lion, KIA, JBS Foods…What do these businesses have in common? They’ve been victims of a cyber-attack in the past year. These attacks cost the companies significant financial strain…millions of dollars lost. Why should you care about this? 43% of cyber-attacks target small businesses 60% of small businesses that are victims of a cyber […]
Covid-19 and the related fallout opens questions many of us have never encountered. Updates continue to change rapidly and the “answers” are often unique to your business. Striking a balance between information overlord and following high-level recommendations may serve you well. Do standard commercial policies provide coverage for Covid-19? The answer is most likely […]
New York State is home to 447+ craft breweries. And you want to be number 448. No sweat right? But how many of these breweries will be around in year two? Contrary to common belief running a brewery isn’t as easy as growing a sick brewer’s beard. There’s a number of variables that could lead […]
“What are these rates and where do they actually come from?” is a common question we hear when going through the initial quote process for a start-up brewery. Even our established brewery clients ask this question a year, or two, or three in because let’s face it, your job is to make phenomenal brews not […]
It’s an exciting time, after dreaming about it for years and pre-planning, you’re finally going to open that brewery you’ve been wanting. Then the fun begins and money starts going out. You’re now dealing with lawyers, landlords, brewery licensing and equipment, TTB, and insurance… fun fun fun. You ask some colleagues who they use for this […]
Every time we work with a new brewery, a unique question or two inevitably come up. Finding the answers is always an interesting endeavor—something that teaches us something about our own industry as well allowing us to further educate our clients. One recent exchange with a brewery owner brought up the uncertainty of when a […]
In 1624, English Poet John Donne was credited with the phrase, “No Man is an Island.” In 2017, this could easily be adapted to say “No Brewery Is an Island.” All breweries work with numerous outside entities that range from your typical business exposures such as landlords, vendors and distributors to industry unique risks like […]
The cheapest claim for a brewery is the one that never happens. The best way to keep your insurance premiums low over the long term is to minimize the impact of claims on your business. While risk cannot be 100% removed from operating a brewery, there are a variety of ways a brewer or owner, […]
There are many insurance companies that will entertain breweries large and small, but that does not mean that all policies are equal. In many cases, brewery insurance is a “square peg in a round hole”. Although insurance carriers will try to provide an all encompassing policy, all brewers should make sure that they carefully review […]