winery plus - d1hks021254gle.cloudfront.net · DISCLAIMER: This literature is descriptive only. ... winery plus M emorable winemaking ... yeast, and any other component normally

DISCLAIMER: This literature is descriptive only. Actual coverage is subject to the language of the policies as issued. Your issued policy may contain limits, exclusions, and limitations that are not detailed in this brochure.

winery plus

Memorable winemaking necessitates innovation, expertise, and collaboration. These

same traits are similarly embedded in well designed insurance programs. Alteris Insurance

Services, Inc. (Alteris) operates on such principles and prides itself on providing proprietary

insurance to select industry segments. Our quality workmanship is exemplified in a “best-

in-class” insurance program for vintners. Winery Plus blends financial stability with niche-

proficient underwriting, risk control, and claim professionals. This synchronization, coupled

with prudent flexibility and functional winery knowledge, creates a distinct value-proposition

for select vintners across the country.

Winery Plus targets wineries (bonded & virtual), vineyard estates, and custom crush facilities

with annual case production below 500,000. Our coverage portfolio includes:

Property ◙ (including spoilage, contamination, and leakage)Equipment Breakdown ◙Property in Transit ◙Mobile Equipment ◙Crime ◙General Liability ◙Liquor Liability ◙Product Withdrawal Expense ◙Employee Benefits Liability ◙Wind Drift or Overspray ◙Automobile ◙Excess Liability ◙

Many of these coverages are offered automatically. A few are available as optional

enhancements. We invite you to consider the advantages of Winery Plus.

To learn more, please contact your broker or visit us at www.alterisus.com.

•We provide safe,

l ong-term, and comprehensive

solutions f or your property and liability

insurance needs.•


service compact

risk control

Risk control plays an integral role at

Alteris. Our risk control professionals are

available to assist you with asset protection,

hazard identification, and mitigation

strategies. We are a resource for insurance-

to-value calculations, onsite property

analysis, equipment arcing, and premises

safety. Auxiliary services include emergency

response and disaster recovery planning.

We encourage you to take advantage of

these benefits.

claims HANDLING

Quick recovery from loss is essential for

vintners. Wine that is not on retailer shelves

invariably results in lost market share and

diminished customer allegiance. Alteris

understands this reality and the importance of

time urgency in rebuilding brand affinity. Our

claim associates work with you to promptly

restore your operations after a covered loss.

Service etiquette is equally important. Phone

calls are promptly returned, questions clearly

answered, and updates routinely imparted.

Simply said, your loss remains in our

foreground until its equitable resolution.

•We collaborate with your broker to ensure a carrier relationship that is meaningful,

trustworthy, and value-based. •


property

Comprehensive, integrated, and methodical insurance protection encapsulates our niche-

specific property form. Coverages such as equipment breakdown, property in transit, mobile

equipment, and crime are automatically incorporated. Specialty coverages include wine

contamination, spoilage, wine leakage, nesting/infestation, and property temporarily off-

premises. Blanket policy limits apply at described premises to buildings, business personal

property, and stock. We offer a separate blanket limit for eight (8) key coverage extensions and

meaningful sublimits for forty (40) additional coverage extensions. Coverage for earthquake

sprinkler leakage is available via optional endorsement and stock permanently stored at

unnamed locations is automatically included at $250,000, with higher limits available by

endorsement.

Our definition of covered property is tailored to include winery equipment, barrels, underground

caverns, and trellises. Stock comprises harvested unprocessed fruit, wine in-process, and your

finished product. The valuation method for stock includes market price and agreed value

options. Replacement cost is offered on buildings and structures; ordinance and debris removal

are automatically included. Business income and extra expense are calculated on an actual loss

sustained basis up to the blanket coverage extension limit or pre-determined timeline

(i.e. 12 or 24 months). Extended business income is also included as you re-build business

income to pre-loss levels after the resumption of your operations.

The design of a strategic first-party insurance portfolio begins with a comprehension of

coverage terms, limitations, and exclusions. Winery Plus encompasses a winery-specific property

form that is easy-to-read and customizable. We encourage you to review our form with your

broker.

•Our property form

is easy-to-understand and clearly identifies what is and what is

not covered.•


Stock Valuation

Valuing stock after a loss can be complex and subjective. This reality initiated the development

of simplified valuation methods that are logical and coherent. Wine products that you schedule

are valued differently than unscheduled wine and unscheduled distilled wine products. There is

less ambiguity when stock is scheduled. For unscheduled stock, we use your past sales history

and may consult a third-party expert to independently quantify the dollar amount of your loss.

A summary of our valuation methods are as follows:

property

Scheduled Wine ProductS

harvested unprocessed ◙fruit while on your premise Valuation method: agreed value

unbottled wine products ◙ Valuation method: agreed value

Bottled wine products ◙Valuation method: agreed value

unScheduled Wine ProductS

unscheduled bottled winery products ◙Valuation method: market price of case goods prior to loss Note: Unscheduled bottled winery products means wine and other winery products that are irreplaceable in kind and quality; and, in the ordinary course of business, would be bottled.

unscheduled bulk wine ◙ Valuation method: lesser of: a) market price of wine prior to loss; or b) market price of replaceable comparable or bulk wine of like, kind, and quality at time of loss.

unScheduled diStilled Wine ProductS

Bottled distilled spirits ◙ Valuation method: market price at time of loss less discounts and expenses you would have incurred.

Bulk distilled spirits other than ◙irreplaceable bulk distilled spirits

Valuation method: bulk market price at time of loss less discounts and expenses you would have incurred.

older bulk distilled spirits ◙ Valuation method: bulk market price per proof gallon of equivalent bottled distilled spirits at time of loss less unpaid taxes, refundable taxes, and conversion expenses to bottled distilled spirits.

Younger bulk distilled spirits ◙ Valuation method: bulk market price of new distilled spirits of same kind and quality and pro-rata of the differences between: a) the value the spirits could have been sold for at time of loss; and b) market price of such bulk distilled spirits at attained age.

important clarification: Market price is based on your past sales history and refers to what your wine or distilled spirit could have sold for at the time of loss.

•Our simplified

valuation methods all ow you to

understand how a loss will be paid before it happens.

•


sALIENT enhancements

eQuiPMent BreakdoWnAccidents to covered equipment can

spoil stock and finished products. Equipment

breakdown protects covered equipment and

reimburses you for stock spoilage resulting

from covered changes in humidity and

temperature. Stock spoilage also extends to

on-and-off premises power failures that are

beyond your control. This unique coverage

applies irrespective of direct physical damage

at the utility power station. Equipment

breakdown is included in our property policy

and subject to our blanket policy limit.

criMeThe prevalence of cash transactions

and porous record keeping makes wineries

susceptible to crime losses. We address

these concerns by offering two types of

crime coverage: Money & Securities

insures against theft, disappearance, and

destruction of said property. employee

dishonesty protects against the financial

loss of money and securities from the

fraudulent activities of an employee.

We include money & securities’ limits of

$10,000 for off-premises and $25,000

for on-premises. A $50,000 limit applies

to employee dishonesty. Higher limits are

available.

ProPertY in tranSitCurrent transport logistics involve an

array of carriers and liability caps. Winery

Plus offers market price and agreed value

options for stock during transit in the United

States, its territories, and Canada. This

coverage is comprehensive with limited

restrictions and no reporting requirements.

A limit of $100,000 is automatically offered.

Higher limits are available.

Wine contaMinationW ine contamination is a significant

exposure facing wineries. It is also the

most difficult coverage to understand.

We define contamination to mean any

impurity caused by contact or mixture with

a foreign substance. Wine, sulfur dioxide,

yeast, and any other component normally

used in the winemaking process are not

considered a foreign substance. Defects

in the raw product are not a covered peril.

This coverage protects against accidental

contact of wine (in any stage of process)

with an impurity that is not part of the

normal winemaking process. Wine as a

foreign substance is also available as an

optional endorsement.

property

•Equipment Breakdown protects against accidents to covered equipment as well as stock spoilage

resulting from temperature and humidity changes.

•


COVERAGE OVERVIEW

ForM Proprietary ◙integrated ◙

keY FeatureS Bu ◙ ildings, Business Personal Property & Stock

Blanket policy limit (described premises) ◘Replacement cost (buildings, ◘

business personal property); and market price or agreed value (stock)

No coinsurance penalty ◘Wine contamination & leakage ◘

Mobile equipment ◙Blanket limit ◘Actual Cash Value ◘

coverage extensions ◙Separate blanket limit ◘

Business income ▪Extended business income ▪Extra expense ▪Civil authority ▪Contingent transit coverage ▪Tenants leasehold interest ▪Electronic data ▪Preservation of property ▪

Property in transit ◙Separate sublimit ◘Market & agreed value options ◘

(stock)Replacement cost ◘

(business personal property)Non reporting ◘

Wine leakage ◙Separate sublimit ◘Market & agreed value options ◘

notaBle excluSionSFaulty or inadequate Workmanship ◙damage to Stock during ◙Manufacturing or Processing operationsunfitness of Product, including raw Stock ◙

covered ProPertYBuildings including: ◙

Completed additions ◘Fixtures, including outdoor fixtures ◘Permanently installed equipment ◘Permanent storage tanks ◘Light standards ◘Fences ◘Patios and paved surfaces ◘Signs ◘Trellis and vines ◘Underground caves ◘Well-housings ◘Personal property owned by ◘

you that is used to maintain your scheduled buildings

Additions under construction ◘ including materials, equipment and supplies

Business Personal Property including: ◙Property you own that is used in ◘

your businessFurniture and fixtures ◘Winery machinery and equipment ◘Tenant improvements and ◘

bettermentsLeased personal property ◘

for which you have a contractual responsibility to insure

Stock including: ◙Picked or crushed raw material ◘

in the state in which you receive it for conversion to wine

Wine that has undergone any ◘ aging, seasoning, mechanical or other process of manufacture but is not finished goods

Wine in cooperage ◘Bottled wine ◘Finished goods held in storage or ◘

for saleStock of others in your care, ◘

custody and control, but only if scheduled on the Statement of Values on file with us

Packing and shipping supplies ◘

property

•Bl anket pol icy

limits apply to described premises

and includes buildings, business personal property,

and stock.•


COVERAGE OVERVIEW

ProPertY coverageS SuBliMit (in addition to your blanket policy limit)

Fire Department Service Charge $5,000

Pollutants Clean Up and Removal *$50,000

Dependent Business Premises $250,000

New Locations or Newly Constructed Property $1,000,000

Business Personal Property at New Locations $1,000,000

Property Temporarily Off Premises (buildings)

$250,000

Property Temporarily Off Premises (business personal property & stock)

$250,000

Personal Effects and Property of Others *$25,000

Outdoor Property $25,000

Trees, Shrubs, Plants, and Lawn $25,000

Non-owned Detached Trailers $5,000

Depositor’s Forgery $25,000

Accounts Receivable *$250,000

Valuable Papers *$250,000

Money & Securities Inside Premises *$25,000

Money & Securities Outside Premises *$10,000

Employee Dishonesty *$50,000

Fire Protection Devices $1,000

Cost of Inventory or Adjustment $5,000

Utility Services - Direct Damage (this limitation does not apply to stock damage)

*$25,000

Utility Services - Business Income and Extra Expense (this limitation does not apply to stock damage)

*$25,000

Contract Penalties $100,000

Arson Reward $10,000

Indoor and Outdoor Signs $25,000

Mobile Equipment (owned, rented and leased)

*$25,000

Fine Arts *$1,000 per item*$25,000 maximum

*Signifies property is eligible for a sublimit increase.

ProPertY coverageS SuBliMit (included in your

blanket policy limit)

Furs and Fur Garments $2,500

Jewelry, Watches, Precious Metals $2,500

Patterns, Dies, Molds, Forms $2,500

Backup or Overflow of Water from Sewer, Drain, Sump

*$25,000

Ammonia Contamination (this limitation does not apply to stock damage)

$100,000

Trellis and Vines $100,000

Property in Transit *$100,000

Unintentional Errors $100,000

Debris Removal 25% of scheduled limit

Ordinance or Law Provision 25% of scheduled limit

Packaging Errors $25,000

Water Processing $25,000

Stock at Unnamed Locations $250,000

property

•Unint entional errors

for mistakes on l ocations and asset

schedules are forgiven up to $100,000.

•


W inery Plus offers vintners meaningful peace of mind. Our integrated general liability form

safeguards your financial assets and reputation. Contemplated hazards include: winemaking

operations; wine tasting facilities; onsite tours; retail outlets; product distribution; food

preparation; and special events. Integral to this form is liquor liability, which shields you from

exposures arising from the selling, serving, or furnishing of alcoholic beverages. Moreover,

product distribution is afforded on a worldwide basis for suits brought in the United States.

We similarly customized our definition of insured to reflect the diversity of vintner ownership.

Coverage is extended to include your employees, volunteers, vendors, and lessors.

As a complement to your general liability form, we offer a variety of liability coverage options.

Wind drift and overspray provides bodily injury and property damage protection resulting

from chemical drift of your fertilizers, herbicides, insecticides, and fungicides. Product

withdrawal expense reimburses you for costs incurred to remove unsafe products from the

market. employee benefits liability extends coverage for ministerial errors associated with the

administration of your employee benefit programs. These enhancements fortify your general

liability coverage. Each option is easy-to-activate, affordable, and highly recommended.

general liability

•We provide a comprehensive,

int egrated general liability form that

can be tailored to your unique situation.

•


COVERAGE OVERVIEW

ForMOccurrence ◙Duty to Defend ◙Non Auditable ◙

coverageBodily Injury and Property Damage ◙Liquor Liability ◙Personal and Advertising Injury ◙Medical Expenses ◙

liMitS$1,000,000 Each Occurrence ◙$2,000,000 General Aggregate ◙$2,000,000 Products-Completed Operations Aggregate ◙$1,000,000 Personal and Advertising Injury Aggregate ◙$1,000,000 Each Common Cause (liquor liability) ◙$2,000,000 Aggregate (liquor liability) ◙$1,000,000 Damage to Premises Rented to You ◙$10,000 Medical Expense ◙

covered inSuredSSole Proprietorships ◙Partnerships or Joint Ventures ◙Limited Liability Companies ◙Other Organizations ◙Employees ◙Volunteers ◙Real Estate Managers ◙Permissive Users of Mobile Equipment ◙Vendors ◙Lessors of Equipment ◙Lessors of Premises ◙Subsidiary or Newly Acquired or Formed Organizations ◙

keY FeatureSWorldwid ◙ e Coverage Territory for Suits brought in the United StatesSeparation of Insureds ◙Waiver of Subrogation ◙Fellow Member ◙Per Location General Aggregate ◙Separate Limits for Liquor Liability ◙Blanket Additional Insured Endorsement ◙No Premium Charge for Additional Insured Endorsements ◙

notaBle excluSionSEmployment Practices Liability ◙Intellectual Property Laws or Rights ◙Pollution ◙Recall of Products, Work or Impaired Property ◙Damage to Various Property of Others (care, custody, or control) ◙

general liability

•Product Withdrawal

Expense, Wind or Chemical Drift, and Employee

Benefits Liability are available as optional

endorsements. •


COVERAGE OVERVIEW

liaBilitY oPtionSemployee Benefits liability ◙

Claims Made and Occurrence Options ◘Prior Acts Continuity ◘$1,000,000 Limit ◘

Wind drift or overspray ◙Occurrence ◘Bodily Injury and Property Damage ◘$1,000,000 Limit ◘

Product Withdrawal expense ◙Occurrence ◘Limits from $50,000 to $250,000 ◘

note: Each liability coverage option is easy-to-add and affordable.

general liability

•Bolt-on liability options augment

your general liability coverage by uniquely addressing specific

l oss exposures.•


Automobile & EXCESS LIABILITY

W inery Plus also offers automobile and umbrella protection. Our automobile portfolio

includes: owned, non owned, and hired liability; uninsured motorists; medical payments; owned

and hired physical damage; personal injury protection; and fellow member. Excess Liability

policies are available with limits up to $10 million. Underlying coverages are inclusive of

general liability (including liquor liability), automobile liability, and employers’ liability. Like our

other coverages, automobile and excess liability incorporate niche-specific rating methodology.

additional coverages

•Catastrophic winery claims can be masked

in automobile accidents, product tampering, liquor impairment, and premises liability.

•


Alteris Insurance Services, Inc. (Alteris) is a full service managing general agency

providing strategic risk solutions to brokers and clients throughout the United States.

Capabilities include product placement, underwriting administration, capital management,

system solutions, claims services, risk consultation, and reinsurance coordination. Key

disciplines comprise select commercial and public subsets including wineries, custom crush

facilities, alternating proprietors, craft breweries, consulting foresters, logging contractors,

landscape contractors, water related entities, and emergency service organizations.

Winery Plus is underwritten by an a.M. Best rated 'axv' carrier and distributed exclusively

through hand-selected insurance brokers. For information, please contact your broker

or our program underwriter, Brandon Seymour at [email protected].

Program underwriter:

Alteris Insurance Services, Inc.CA Agency License 0H94714

Ashley ForslundT 720.484.6938C 303.870.9849

www.alterisus.com

about aLTERIS

•Alteris works with

financiall y secure and specialty carriers

that possess “A” (Excell ent) ratings from the prominent

rating agencies.•

Documents

winery plus - d1hks021254gle.cloudfront.net · DISCLAIMER: This literature is descriptive only. ... winery plus M emorable winemaking ... yeast, and any other component normally