New craft brewery insurance packages available through Philadelphia Insurance Cos.

Hey! Awesome news! There is a new bundle of insurance coverages available just for craft breweries!

Did the exclamation points and the word awesome get you excited about insurance? I assume not because insurance is boring (sorry, insurers, it is true), but come on, not everything needs to be exciting. Some things actually need to be super boring, hang in the background and then cover for you after you mess up. This is what our sensible friend insurance does, and we thank her.

Anyway, Philadelphia Insurance Companies has put together a new package of policies and product enhancements for the craft brewing and distilling industries. From Insurance Business America:

The collection of customized coverages includes property, general liability, product recall, contamination and adulteration, equipment breakdown, automobile, and liquor liability, among others. Specialized coverage is also available for breweries and distilleries with tasting rooms, restaurants and special events.

“The craft brewery industry is thriving,” said Michael McShane, product specialist and Philadelphia Insurance Companies. “Developing a Craft Brewer & Distillery product recognizes this growth, and addresses the need for more specialized attention as the microbrewery insurance market is currently underdeveloped.”

OK, I feel bad about making fun of insurance. Here are some more exciting insurance-related articles as a peace offering.

How to properly insure your barrel-aging program

Yes, there is much to be gained in brewing these sought-after specialty beers. As with everything, however, the more return a business gets, the higher the risk it takes to attain it. There’s the risk that the beer may not come out well, in addition to the risk that an accident can take out highly profitable future revenue that the brewery was relying on.

N.Y. demands crop insurance to boost in-state malt production

Mother Nature, a known puritan, seems like the only force capable of quelling the unstoppable growth of the craft brewing industry, what with all of the droughts and hops shortages and barley shortages she throws at it. Well, New York Senator Charles Schumer has a plan to fight back — or at least help out those N.Y.-based farmers who want to keep growing the essential ingredients that keep growing the craft beer industry.

Setting up a craft brewery quality assurance program

Quality assurance is a second cousin to insurance. We reached out to a couple established craft breweries to hear about the composition of their quality assurance (QA) programs. Maybe there is a task or two you’ve been overlooking in your own operation.

Top 10 legal mistakes made by craft breweries

In business, regardless of industry, mistakes will be made. While many of the mistakes we see craft breweries make are common to business in general, a few are more specialized to the trade. Below we outline the top 10 legal mistakes start-up breweries make, in no particular order, along with some words of wisdom.