Barrels of Success for Breweries as Boom in Number of Micropubs Continues
As a recent report from the BBC reveals the number of pubs in the UK is declining, the good news is that the number of breweries is actually on the rise. Specialising in brewery insurance with our unique product Masterbrew since 2007, we are thrilled to see the sector thriving. Our Marketing Director Mike Dickinson takes a look at an industry on the rise.
Recent news from the BBC which reports that the number of pubs in the UK has been in steady decline since 2000 – falling by 17% or 10,500 pubs – isn’t uplifting, as the well-loved British institution continues to fall out of favour with punters.
However, what is encouraging is the increase in the number of breweries operating in the UK. There are now 2,000 across the country, the highest number on record since the 1930s, rising by 64% in the last four years, according to Camra.
As specialists in the craft beer and gin insurance sector, these statistics back up a trend which we’ve been monitoring for several years now. That is, that people are getting on board the Micropub trend with gusto and as a result we’re seeing new businesses pop up on a monthly basis.
Back in 2007 we were the first insurance provider to offer coverage for the brewery and craft beer industry with our new product, Masterbrew. Our extensive knowledge of the industry ensures that our dedicated Masterbrew team provides businesses with a bespoke policy to fit their needs and for the last decade we have been at the forefront of creating new insurance products to recognise the ever-changing advancements and technology within the brewery industry.
With the UK’s thirst for specialist gins and ales seemingly unsated – for example, gin sales topped £348m in the UK in 2016, almost three times the total in 2009 – we predict the ‘micro’ trend is here to stay. Most towns now boast at least one micropub (be it a disused unit refreshed into a haven of pale ales, or a derelict corner shop turned into a bespoke tavern) and we doubt the public’s passion for supporting these local businesses will diminish given the quality and variety on offer.
Masterbrew is on hand to provide peace of mind and security to both established brewers and start-ups, offering cover for stock, IT, property and revenue and events and staff. In addition, optional cover is also available for inspection of plants and equipment, brewery taps and associated businesses, personal accident cover for staff, internal theft and fraud, cybercrime vehicles and loss of licence.
To speak to one of our passionate Masterbrew team about how we could support your business, call us on 0115 947 0032 or email firstname.lastname@example.org.