Liquor liability insurance protects businesses that sell or serve alcohol from damages caused by alcohol-related claims. From bar brawls to car accidents, this coverage can help to protect your business against intoxicated individuals who may injure themselves or someone else during or after their visit to your establishment.
Who Needs Liquor Liability Coverage?
Any business that sells or serves alcohol should consider this line of coverage. Typically, these are restaurants, bars, caterers, breweries, wineries, grocery stores and liquor stores.
The Benefits of Liquor Liability Insurance
Liquor liability insurance can be a vital asset to your risk management plan since often times alcohol-related claims aren’t covered by a general liability policy. The benefits of having this coverage include:
1. A Method for Businesses to Meet Legal Requirements
A few aspects of your business – like the nature of your operations or your location – can determine whether or not you are obligated to have liquor liability coverage. Legal requirements regarding alcohol sales can vary by location and can shape the pricing of a policy. An insurance advisor can assist you with understanding what coverage is best for your business.
2. Protection From Customers
Patrons – and their actions – can become unpredictable after a few drinks. Liquor liability insurance is intended to protect your business from unpredictable events where alcohol is involved– from fights and assault to other dangerous situations.
3. Legal Fees and Court Cost Reimbursement
As an alcohol-related claim emerges, legal and court fees can quickly add up. Without protection from the right policy, your business could have to pay unexpected defense or damages costs, causing the claim to dig a hole in your business financially.
4. Protection for Employees
Even with procedures and instructions in place, employees can make mistakes. The actions of your employees and the alcohol-specific events that occur under your management can be protected under this kind of policy. Risk management strategies and training can be provided to better educate employees and reduce your liquor liability exposures.
To find the right solution for your business, talk with a Brown & Brown advisor today.