Just as wine-making requires experience, innovation and knowledge, insurance risk management for wineries is also a specialist business. Aon recognises that the wine industry faces many unique and specific risks and we have tailored winery insurance solutions for the wine making and grape growing industry.
Aon is a leading insurance broker to the wine industry. We have extensive knowledge of large and complex wine operations and boutique wineries throughout Australia, and we are the trusted insurance broker to many of the leading wineries and breweries in Australia. Whether you own a large winery or boutique winery we have a specialist solution for you. Some of the key risks faced by winery owners in Australia are highlighted below in addition to how we could help your business manage these risks
Commercial Winery Insurance
Vineyard Winery Insurance Solutions can be arranged by Aon and includes cover for:
- Property – Industrial Special Risk program which includes spoilage, leakage and contamination of wine stocks.1
- Business Interruption – a comprehensive cover which helps compensate for loss of profits including the correct valuation of your juice and non-vintage wines but also values your vintage and museum wines for their projected replacement value.1
- Public Liability – to help cover your business for site visitors (particularly important for wineries that provide tours, sell from the cellar door or run a cafe) in cases of slips and falls, heavy lifting, use of chemicals and pesticides as well as a range of other activities.1
- Trade Credit – provides cover against your client’s insolvency for both domestic and export sales.1 This includes helping the protection of your company’s cash flow from a bad debt event and helps offer you confidence in trading with existing and new trading partners.
Boutique Vineyard Insurance
Boutique Winery Insurance can be arranged by Aon and is a market leading solution in Australia.. We know your industry's risks and we’ve arranged a broad package that can help protect your winery business when you need it most.
Our competitive package consolidates ten individual covers into one program designed to help provide protection for the life of a wineries business. We've also negotiated with insurers to help cover specific risks with tailored wordings designed for family farm operations. To ensure your wine-making tradition lives on, it's worth checking your current insurance to see how the insurance that we can arrange compares.
Subject to full policy terms and conditions, the Boutique Vineyard Insurance that Aon can arrange includes cover for:
- Non-vintage, Vintage and Museum wines
- Spoilage and leakage of wine
- Contamination of product
- Domestic home and contents
- Motor vehicle
A program to help cover damage to your grapes and vines from causes such as fire and hail.1
Expanded Polystyrene (EPS)
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 don't realise is that these panels are also highly combustible.
How is the property market changing for wineries?
With the economic impacts of the pandemic in 2020, the insurance market has resulted in increases in pricing and reduction in coverage, along with lowering of policy limits. 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, helping to minimise the risk of exposure or facing sharp price increases.
Find out more about the Aon Coverage Guarantee for Wineries.
An Aon insurance broker can help save you time, money and the concerns arising from navigating and understanding insurance which can often be complex in nature. We have dedicated professionals with years of training and experience required to deliver solutions that help protect your business against risk.
Our wine industry-specific policies can be tailored to cater for your business, enabling you access to additional benefits that may not be included in general policies.
We are local to you. With over 35 branches nationwide, we are here to assist when you need it.
1. Subject to full terms, conditions and limits of the policy. Please review the full policy wording for more information.
© 2021 Aon Risk Services Australia Limited ABN 17 000 434 720 | AFSL 241141 (Aon)
The information contained on this website is general in nature and should not be relied on as advice (personal or otherwise) because your personal needs, objectives and financial situation have not been considered. Before deciding whether a particular product is right for you, please consider your personal circumstances, as well as the relevant Product Disclosure Statement (if applicable) and full policy terms and conditions available from Aon on request. All representations on this website in relation to the insurance products we arrange are subject to the full terms and conditions of the relevant policy.