Owning a nightclub or bar can be quite an adventure. It is also a lot of responsibility. Not only must you protect your property and business, but you must also protect your patrons too. The best way to ensure that you are fully protected is to have a good liquor liability insurance policy in place. There are several forms of liability, and your business should be covered for as many of them as possible. Here’s a look into the basics of liquor liability insurance.
Who Generally Needs Liquor Liability Insurance?
Any establishment that sells or serves alcoholic beverages should have a liquor liability policy in place. This can include, but is not limited to the following:
- Restaurants
- Social clubs
- Liquor stores, groceries, and convenience stores
- Catering companies
- Organizations that have fundraisers where alcoholic beverages are sold
- Bars, inns, and taverns
This coverage extends to damages outside your establishment caused by an intoxicated person you may have served.
What Does a Liquor Liability Plan Usually Cover?
Liquor liability covers many different types of events. In addition to covering your employees, this type of insurance also covers:
- Assault and battery
- Damage to property
- Bodily injury
- Legal fees
Assault and battery coverage must be added as a supplemental policy. It will be up to you and your agent to determine what types of coverage you will need and in what amounts. Different types of businesses will carry different types of risks.
Train Your Staff to Prevent Problems Before They Occur
It’s in every bar, restaurant, or nightclub owner’s best interest to not only have liquor liability insurance in place but also to train their employees on how to monitor the patrons. They must be able to identify when a patron is overly intoxicated. They must be able to keep tabs on the number of drinks a patron has consumed in the bar and know when to draw the line.
If you own a bar or nightclub, it’s your responsibility to ensure you have adequate amounts of liquor liability coverage. Contact us at Steve Wilk Insurance Agency and speak to one of our reputable insurance professionals. With our knowledge and experience, we can help you find the right type of policy in the right amount to make sure your company is fully protected.
