Common Mistakes That Increase Winery Business Insurance Costs
- Feb 26
- 2 min read
Running a winery involves managing vineyards, production facilities, tasting rooms, and events. Many winery owners unintentionally increase their winery business insurance costs by making common mistakes during coverage selection, reporting, or risk management. Recognising these errors helps protect property, inventory, employees, and guests while keeping premiums under control.
1. Inaccurate Reporting of Revenue or Production
Insurance premiums are calculated based on revenue and production volume. Overstating revenue or production can unnecessarily increase costs, while under-reporting may lead to coverage gaps. Accurate reporting ensures fair pricing and proper protection.
2. Ignoring Liquor Liability Risks
Serving alcohol during tastings or events adds significant liability exposure. Some wineries assume vendor coverage is sufficient, but without proper additional insured endorsements, the winery remains at risk. Failing to manage alcohol service properly can drive up premiums.
3. Skipping Safety and Risk Management Measures
Lack of fire prevention, employee training, protective equipment, or security measures can increase insurance costs. Insurers reward wineries that demonstrate robust risk management, documented protocols, and compliance with safety regulations.
4. Choosing Inappropriate Coverage Limits or Deductibles
Selecting coverage limits that are too high inflates premiums, while limits that are too low leave dangerous gaps. Deductibles also impact pricing, higher deductibles reduce annual premiums but must align with your ability to cover out-of-pocket costs.
5. Neglecting Claims History or Policy Reviews
Past claims directly affect renewal premiums. Failing to provide accurate claims history or review coverage annually can result in higher costs or insufficient protection, especially if your winery expands operations or hosts new events.
Reduce Winery Insurance Costs the Smart Way
Avoiding these mistakes allows winery owners to control winery business insurance costs while maintaining comprehensive protection. Working with a specialist like Wexford Insurance ensures accurate reporting, proper endorsements, and competitive quotes from multiple carriers.
👉 Request your winery business insurance quote from Wexford Insurance today and protect your vineyard, tasting room, and events efficiently.
