By Joy 
Owning a restaurant or bar has some inherent risks. If your business serves alcoholic beverages, you likely need liability insurance to protect you from lawsuits. A qualified insurance agent can help you choose sufficient coverage to cover all expenses in case of claims. Here are some things to know about liquor liability insurance:
Who Needs This Policy?
If you own a bar or pub, liquor liability insurance is beneficial since patrons may become overly intoxicated and cause accidents, such as DUIs. Restaurants that serve beer, wine, or spirits can face liability if a customer drinks too much at their establishment and causes personal or property damage. If an event venue, like wedding halls or party spaces, hosts gatherings where alcohol is served, they may need coverage. This will shield them from liabilities as well. If you are a mobile bartender or catering company, insurance protects you from various risks. These risks might include the actions of intoxicated guests at off-site events. Liquor stores and retailers may also purchase this coverage because they can be liable for injuries if a customer becomes drunk.
What Does It Cover?
If an intoxicated customer causes injury to another person or causes a car accident, liquor liability coverage pays for medical expenses and lost wages. If there’s a lawsuit due to the incident, this type of insurance could cover attorney fees and court costs. It also covers third-party claims. These can occur when someone who wasn’t a customer is injured or suffers property damage due to the actions of an intoxicated patron from your establishment. If someone slips and falls and sustains injuries on the premises after being served alcohol, this insurance pays for claims as well.
How Do You Choose the Right Coverage?
When choosing your insurance coverage, work with an experienced agent. These agents can evaluate your potential risks. If you operate a bar or nightclub, you might need more coverage than a catering business since patrons are more likely to consume more alcohol. Agents may compare multiple providers to help you find a policy that offers the coverage you need. If your business becomes especially busy at specific times of the year, like holidays or special events, find a flexible insurance policy. This approach helps you have adequate coverage that is relevant to different events and risks.
Why Is It Needed?
In many states, having liquor liability coverage is a legal requirement for maintaining your license. If you don’t have the right insurance, you could face penalties. These include fines or the revocation of your liquor license. This type of insurance also protects your business from financial losses, such as medical expenses and legal costs. As your business grows or changes, you can adjust the policy to include new changes that further protect your company.
Buy Liquor Liability Insurance
If you own a bar, restaurant, or nightclub, liquor liability insurance may be necessary. It covers expenses if an intoxicated customer injures someone. Since there are several risks related to owning a business of this nature, an agent evaluates them and helps you choose sufficient coverage to mitigate them. Call a qualified insurance agency today to learn more about liquor liability coverage.
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