The unfortunate reality is that risks are high when you sell alcohol. Liquor store insurance provides financial protection against lawsuits, theft, fires, and other incidents that threaten your business.
A business owner's policy, or BOP, is a cost-effective way for beer, wine, and liquor stores to buy a general liability policy and commercial property insurance together.
Commercial general liability insurance covers common third-party risks, such as a customer slipping in a spill at a wine store and breaking a wrist or their smartphone.
Most states require workers' comp for beer and liquor stores that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Liquor liability coverage pays for legal expenses if your store sells alcoholic beverages to a person who then harms others or damages property while intoxicated.
This type of insurance boosts coverage on your small business's general liability, employer’s liability, and commercial auto insurance once the policy limit is reached.
Commercial auto insurance is usually required for business-owned vehicles. It helps cover legal costs and property damage in an accident involving a liquor store's vehicle.
A large stock of breakable inventory and the chance of an intoxicated customer causing harm means high liability for a liquor store. Wine, liquor, and beer store insurance helps cover fires, theft, lawsuits, and injuries so you can keep serving customers after an unexpected incident.