Brewery Insurance
Brewery Insurance Glossary
Plain-English meanings of the insurance terms brewery owners see on quotes and policies.
Key terms
Brewery insurance terms explained
Business interruption: Cover for lost income and ongoing costs after an insured event stops your business
Certificate of currency: A document that proves you hold a policy, often requested by landlords and event organisers
Excess: The amount you pay toward a claim before the insurer pays
Exclusion: Something the policy does not cover
Goods in transit: Cover for stock while it is being moved
Indemnity period: How long business interruption cover will pay after an event
Interested party: A person or company, such as a landlord or lender, noted on your policy
Liquor liability: Cover for claims linked to the service of alcohol
Machinery breakdown: Cover for sudden mechanical or electrical failure of equipment
Product liability: Cover for claims caused by products you make or sell
Public liability: Cover for injury or property damage to others caused by your business
Recall: The process of withdrawing a faulty product, and the cover for its costs
Replacement value: The cost to replace an item with a new equivalent
Sum insured: The maximum amount the insurer will pay for an item or cover
Underinsurance: Having a sum insured lower than the real value of what you’re protecting
Before you call
Questions to think about before you call
- 01
Which terms on your policy do you find confusing?
- 02
Do you know your excess and sums insured?
Brewery insurance
More brewery cover guides
FAQs
General advice only. It does not take into account your objectives, financial situation or needs. Read the relevant PDS and our Financial Services Guide before deciding.
Usually on the schedule and in the policy wording.
Send it to us and we will explain it.
Contact us
Want us to review your cover?
Tell us about your brewery or craft venue and we’ll come back with options. Prefer to talk? Call 02 8660 2305 or email admin@idealbrokers.com.au.