If you own a winery in Australia you may already be aware of the specific risks and requirements that influence your industry, but have you translated these needs into a comprehensive business insurance package?
Every winery business is different, so it is important to have access to a tailored insurance policy that is most suitable for your company’s needs and requirements. Fortunately, MGA Insurance Brokers can offer an Australian Wine Industry Insurance package that is cost effective and comprehensive.
With a winery business insurance package from MGA Insurance, both wine producers and grape growers can benefit from broad cover tailored specifically for wineries and vineyards. This includes spills and leakage coverage, public and products liability insurance and motor vehicle benefits to protect all vehicles owned, hired, leased or operated by the winery or vineyard owner.
Policies can also be sourced to cover recall claims. This will protect your business from the financial burden of product recall, including investigation costs, loss of sales, transport and storage expenses and any related legal and professional fees incurred during the incident.
In addition to these costs, your company can suffer a significant loss of profits due to removing stock from the market and damage to your wineries reputation.
Using wine industry-specific insurance cover to prepare for all of these financial obligations can help your winery focus on recovery and a successful return to the market after a damaging product recall occurs.
For more information on our Australian Wine Industry Insurance Package, contact the team at MGA Insurance Brokers today.