WESTBROOK, Maine – A regional commercial and specialty property casualty insurance company is launching a new program targeting small to midsized brewery operations.
Maine-based Acadia Insurance, a W.R. Berkley company, with local offices throughout New England, estimates the northeast brewery industry exceeded $1 billion in revenue last year with overall sales projected to grow through the next three years, according to a press release.
Beyond property and equipment, general liability, workers compensation and other major lines of coverage, Acadia says the new brewery program will also target specialty coverages specific to the industry.
“There are unique exposures that a brewery owners should consider when deciding on coverage,” said David LeBlanc, chief underwriting officer at Acadia, in a statement. “We identified those potential insurance gaps and added special coverage options to our brewery program in order to help our agents create a targeted insurance portfolio that fits the unique needs of individual brewery operations.”
Specialty coverages through the new program include tank collapse and leakage coverage; processing water loss extra expense coverage; key employee replacement expense coverage; product recall expense coverage; equipment breakdown coverage; employment practices liability; and privacy break and cyber liability, according to the release.
