We're in the initial stages of setting up a brewery in a building on our farm. No beer being served here, wholesale only (although perhaps we'll do some bottling for sale at local events). Anyway... got a quote from our insurance company. Here is what it's based off of:
-liability coverage for $30,000 in sales (we figure this for 1st year)
-covering equipment & on-site product valued at less than $10,000
-this is NOT covering the building itself
We received a quote for the liability & equipment/produce coverage for over $1,500 per year!
Does this seem high to anyone else, considering this is simply for $30,000 wholesale sales and very low equipment/produce coverage (equipment used will be dairy tanks bought cheaply).
Need some recommendations for insurance. Or maybe this is about right? Seems insanely high...
-liability coverage for $30,000 in sales (we figure this for 1st year)
-covering equipment & on-site product valued at less than $10,000
-this is NOT covering the building itself
We received a quote for the liability & equipment/produce coverage for over $1,500 per year!
Does this seem high to anyone else, considering this is simply for $30,000 wholesale sales and very low equipment/produce coverage (equipment used will be dairy tanks bought cheaply).
Need some recommendations for insurance. Or maybe this is about right? Seems insanely high...
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