| [August 28, 2014] |
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A.M.BestTV: Growth of Craft Brewing Presents Risks and Opportunities
OLDWICK, N.J. --(Business Wire)--
This A.M.BestTV episode looks at an insurers' report on the
growth of microbreweries, which is driving new coverage needs. Insurers,
owners and Best's Underwriting and Loss Control Center highlight
the industry's unique mix of hazards.
Scott Greico, president, Middle Market, at The Hanover Insurance Group,
noted the uniqueness of the brewery industry and the specialized
coverages that are needed given the possibility of business
interruption, breaking down of equipment, more and higher taxes,
spoilage, food contamination and loss of quality control.
According to Best's Underwriting and Loss Control Center,
automobile liability, general liability and workers' compensation are
the three main items that should be considered when underwriting a
brewery.
Click here to view the video program: http://www.ambest.com/v.asp?v=brew814.
Other people who appear in this episode include:
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Peter Whalen, Owner, The Whalen Agency; and
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Peter Doering, Co-Founder, Two Roads Brewing Company
Recent episodes of A.M.BestTV include:
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Risk Model Expert Karen Clark Explains "Characteristic Events":
Karen Clark, principal at Karen Clark & Company, explains why insurers
and riskmanagers should look beyond traditional loss analysis and
consider identifiable characteristics of catastrophe events: http://www.ambest.com/v.asp?v=clark814.
-
Insurance Research Council Report: More Auto Claimants Turn to
Lawyers: Despite no-fault insurance, along with insurers having a
focus on settling claims amicably, a study from the Insurance Research
Council shows that the percentage of claimants seeking attorney
representation continues to rise: http://www.ambest.com/v.asp?v=lawyer814.
-
State Compensation Funds Worry About Impact of Opioids: The hot
button issue of opioids and their negative impact on workers'
compensation costs was considered at the American Association of State
Compensation Insurance Funds Conference: http://www.ambest.com/v.asp?v=aascif814.
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at http://www.ambest.tv.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2014 by A.M. Best Company, Inc. ALL RIGHTS
RESERVED.
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