Insurance for Vineyards by Prosura
No matter whether a larger commercial producer or a small family business producing just a few barrels a year, you have a lot to deal with – from growing and production to distribution and marketing.
The last thing you will want to deal with is insurance. But its important to get it right. Afterall, a single ruined crop could spell disaster for the business. And that’s why we’re here. We provide no nonsense advice and friction free access to suitable policies from a range of leading UK insurers. When it comes to Vineyard Insurance, don’t just insure it. Prosura it.
What should be included on a Vineyard Insurance policy?
As a winery, there are some very specific risks that you will need to consider which relate to the growth and production of your grapes.
Business Interruption Insurance. Sometimes referred to as Business Disruption cover, this can be invaluable to wineries or vineyard owners. It protects you in circumstances where your vineyard is damaged due to a flood, fire or other insured incident.
Rather than insuring you for the loss itself, it protects you against loss of income following the event. You will need to replace stock, re-establish production and you will have fixed overheads to cover while you aren’t generating full income. You can choose the right indemnity period – the period of time it covers following the insured incident. Obviously, this should reflect your businesses particular circumstances and you should assess how long it might take to get fully operational again.
What else should be considered when buying insurance for a Vineyard?
There are a range of other covers that you will need to consider depending on your business activity. Where you have anyone working for you, you are required by law to have a minimum of £5m Employers Liability Insurance in place. If you have members of the public visiting your premises – be that clients arranging commercial purchases or private individuals attending a wine tasting – you will need Public Liability Insurance.
As a winery you will have a significant amount of plant and machinery that will need to be insured alongside your premises and contents including stock. Where you use vehicles in the business – to deliver stock, for example, they will need to be insured on a commercial policy.
To find out more about how Prosura can help with your particular vineyard insurance cover, get in touch today.
Why Choose Prosura to find me the right Vineyard insurance policy?
We’re here to let you get on with running your business by providing friction free access to expert advice and high-quality insurers. We’re on hand with professional advice as your business evolves and expands.
We also give all our Vineyard Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
For your Vineyard insurance cover requirements, contact the specialist brokers at Prosura today.
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