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What Kind of Liquor Liability Insurance Do I Need?

9. April 2013 16:35

liquor liability insurance

A recent article in InsuranceJournal.com notes that owners of bars and taverns often buy less Liquor Liability Insurance than they need, which makes them highly vulnerable to financially devastating lawsuits. Here's your guide to making sure your Liquor Liability coverage is adequate to protect you against the specific risks your restaurant, bar, tavern, or nightclub faces.

What Does Liquor Liability Insurance Cover?

Liquor Liability Insurance protects business owners against the costs of liquor-related incidents. For example, if a drunk patron starts a fight, drives home, or falls over and injures himself or another patron, any affected party could sue your establishment for damages.

A robust Liquor Liability policy will protect you by…

In the absence of adequate Liquor Liability Insurance, however, you'll be on the hook for all those expenses. This can be overwhelming for restaurants and bars, because attorney's fees alone can easily climb into the tens of thousands of dollars.

Who Needs Liquor Liability Insurance?

Your Liquor Liability needs will depend on the type of restaurant or bar you operate and the laws where you live. Some states require Liquor Liability Insurance for every establishment that sells and serves alcohol; others do not. Generally speaking, you should consider investing in a Liquor Liability policy if you…

An insurance agent familiar with your state's laws can help you determine your exact coverage needs.

What Protections Should My Liquor Liability Policy Include?

If people are drinking alcohol at your establishment, Liquor Liability Insurance is probably a good idea. But not all policies are created equal. Coverage offered might include any of the following…

Your agent can help you determine which of these coverage areas are most important for your business and find you a policy that provides adequate protection.

Comprehensive Guide to Liquor Liability

Visit our restaurant insurance website to download our free eBook "Liquor Liability Insurance? I'll Drink to That: A Complete Guide to Serving and Hosting Responsibly".

know your business risks

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Restaurants | Risk Management | Small Business Risk Management

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