Weâ€™ve looked at the top Ten Risks faced by winery owners in Australia and highlighted some of the tops risks we could help your business to manage right now.
Expanded Polystyrene (EPS) is commonly is used in the winery industry, typically found in cool rooms and silos due to its obvious benefits; a great insulator, lightweight and easy to clean. However, what most facilities often donâ€™t realise is that these panels are also highly combustible.
With the third largest year of loss for the insurance industry on record we are seeing a shift in the insurance market. One of the most notable changes is the decrease in appetite for properties containing EPS. The combination of the EPS and rural nature of most wineries means that insurers often see your property as a high fire hazard.
In this situation it is important that you work closely with a specialist broker who has an understanding of your business and the experience in presenting your business in the best light to the insurance market, minimising the risk of you being underinsured or facing sharp price increases.
Find out more about the Aon Coverage Guarantee for Wineries.
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