K-RAX® Barrel Storage Rickhouses have officially set a new benchmark for safety, design, and insurability in the spirits industry, according to a recent testimonial from Higginbotham Insurance and their London partner, Miller Insurance.
In 2023–2024, Higginbotham established a direct slip with Miller Insurance, a Chartered Insurance Broker recognized as the industry’s gold standard, to create a stronger framework for underwriting and brokering spirits storage and transit needs worldwide. With decades of experience serving craft and legacy distilleries, Higginbotham’s Specialty Practice for Distilleries has long worked to improve coverage options for producers. The K-RAX® system, however, has proven to be a game-changer.
“The K-RAX® build has blown away our insurance providers and truly is ‘best in class’ in terms of construction, design, and safety,” said Michael Goss, Advisor at Higginbotham.
The K-RAX® Rickhouse is engineered to meet the latest National Fire Protection Association (NFPA) standards while also incorporating industry-leading safety features. In fall 2024, Higginbotham brought their London partners to Shelbyville, Kentucky, for an in-person tour of the K-RAX® design. For many in the London insurance market, it was the first time they had seen such a comprehensive and forward-thinking storage solution for spirits.
The visit proved pivotal. Not only did the K-RAX® Rickhouse set a new standard for structural and fire safety, it also reshaped how insurers view risk in the sector. Within just 24 months of its introduction, K-RAX®-equipped facilities have seen a 61% decrease in insurance rates for bourbon barrel storage; a significant achievement in an industry where placement of stock has historically been the most difficult and costly part of a distiller’s program.
By combining innovative engineering with proven safety compliance, K-RAX® has helped Higginbotham and Miller Insurance develop one of the most competitive spirits underwriting programs in the world. Today, both Lloyd’s and leading carriers are recognizing K-RAX® as “Best in Class” when evaluating risk and coverage for spirits producers. For distillers, this translates to more favorable terms, greater access to coverage, and long-term savings — alongside the peace of mind that comes with best-in-class storage.
Higginbotham’s partnership with K-RAX® underscores a shared commitment to supporting distillers, from craft innovators to heritage brands, with solutions that are safe, sustainable, and globally recognized.
About K-RAX®
The K-RAX® Barrel Storage Rickhouse offers an innovative storage solution designed to meet NFPA standards and exceed industry expectations in safety, durability, and design. For more information, visit https://kraxbarrelstorage.com/rickhouse/
