St. Louis, MO (PRWEB) April 5, 2010
Cellar Advisors, LLC and Bliss & Glennon, Inc. are proud to announce an expansion of their successful wine insurance program to include new features and coverage for restaurants, wine stores, bars and clubs.
Launched last spring as the first direct-to-consumer wine insurance product, InsureYourWine.com has allowed collectors to purchase comprehensive insurance at very reasonable rates, in all 50 states. This program has very low minimum premiums and includes coverage for earthquake and flood, two perils that are often excluded.
Starting today, the program now covers 100% of a collection damaged due to mechanical breakdown of cooling equipment and 100% of a collection in transit worldwide. Since active collectors often buy wine from many vendors and ship large parcels together, these improvements are important steps in providing maximum protection for valuable cellars. Marc Lazar, president of Cellar Advisors notes, “Wine insurance is one of the dark corners of collecting. People often don’t think about it until there is a problem, and historically coverage has been incomplete and confusing.”
In another industry first, the InsureYourWine.com platform is now open to members of the wine trade, including retailers, restaurants, bars and private clubs. Never before have businesses been eligible for such comprehensive wine insurance with very low minimum premiums and affordable rates. The domestic and international transit features are particularly difficult to obtain for small and medium size wine stores.
Bliss and Glennon Senior Vice President, Tony Morgan, said “Due to a rapid increase in customers during our first year, we were able to expand this program and gain an underwriting partner in the Royal Sun Alliance, which is one of the largest carriers in the London market. Never before have collectors and wine businesses been able to purchase these features at such reasonable rates.”
About Bliss & Glennon
Based in San Francisco, Bliss & Glennon, Inc. is a leading national managing general agent and surplus lines broker, offering retail brokers creative solutions, exceptional service, quality carriers, and a full range of products and services designed for hard-to-place risks. Their products include property, casualty, professional liability and personal insurance, as well as other special coverages.
About Cellar Advisors
Based in St. Louis, Cellar Advisors, LLC is a premier wine organization, consultancy and logistics provider, serving the needs of private collectors worldwide. Their team manages some of the world’s most significant private collections. They also assist beginning and established collectors with tracking, protecting and acquiring fine and rare wines.