What does 2023 have in store for winery insurance? More capacity, advanced risk mitigation

Notably, 2022 featured some return of capacity from carriers. This was the second consecutive year without a catastrophic major weather event, serving to bolster the market’s growing appetite. (Credit: Lesia Povkh/Shutterstock.com)

We may have avoided major catastrophic wildfires for the most part in wine country in 2022, but smaller fires and other events posed risks of their own. Winery owners and operators continued to face challenges related to public health issues, supply chain shortages, inflation and more. That said, 2022 was not all bad, several positive trends emerged and are likely to continue on the risk management side.

Let’s take a look at what we saw in winery insurance in 2022, what we can expect to see in 2023 and what it all means for agents and brokers engrossed in, considering or already sampling this specialty.