Liquor liability insurance is meant to protect your own business against losses or damages due to intoxication. Today, we will help you to learn more about this kind of policies. We will touch upon what you should look for when purchasing one.
Liquor liability insurance definition
Basically, liquor liability insurance is a special type of business insurance which protects your business against damages or loss claimed resulting from a patron of your own business becoming overly intoxicated and injuring others or themselves. So, in case you sell, manufacture, facilitate or serve alcohol, then you definitely need this particular coverage. Liquor liability insurance is sometimes sold as a small add-on to a separate commercial liability policy. Finally, we must underline that this kind of protection does not work for sales to minors as well as sales which are contrary to law.
What to look for when buying a liquor liability policy
Defense costs included
Probably the most substantial expense in these kinds of claims is connected with retaining a lawyer against some frivolous claims. Of course, insurers know about this. So, they frequently try to sell policies where the “defense costs” are usually deducted from the total amount of coverage. We recommend you pass on any option that does not provide your own business with appointed, skilled legal counsel.
Assault and battery coverage
The greatest number of claims against restaurants and bars are the results of severe fights, so you have to make sure your chosen policy includes coverage for battery and assault claims.
Employees included
In case you have a business that is connected with serving alcohol, your employees will probably drink, too, regardless of your rules. Therefore, make sure all of them are covered as patrons.
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