5 Businesses That Can Benefit From Liquor Liability Insurance
Liquor liability insurance covers any business that manufactures, sells, or serves alcoholic beverages. It protects your business from alcohol-related mishaps that may arise due to intoxicated patrons. If you plan to purchase this insurance policy, you must confirm if your business is a potential beneficiary. Below are the businesses that benefit from liquor liability coverage:
1. Bars and Nightclubs
Intoxicated individuals in bars and nightclubs may be more likely to cause personal or property damage. Your business can be held accountable for the mess despite it being the aggressor’s fault. If the victim sues your bar or nightclub, the law may require you to pay the associated legal costs, medical bills, or repair expenses. Purchasing liquor liability insurance for your bar or nightclub protects you from such costs. This policy covers drunken assaults, injuries, and property damage within or outside your business. It also covers legal expenses such as attorney’s fees, court charges, and settlements.
2. Restaurants
Restaurants selling or serving alcoholic beverages can benefit from liquor liability coverage. Even if your restaurant serves a small amount of alcoholic drinks, assaults, injuries, or accidents may still occur. Injuries or accidents may occur when customers slip or fall in your restaurant after being intoxicated. The insurance policy protects your restaurant from financial losses if you are sued due to alcohol-related incidents. It also covers incidents that may occur in events your restaurant hosts, such as catered parties.
3. Liquor Stores
Liquor liability coverage also benefits liquor stores. These stores sell prepackaged alcoholic drinks to be consumed elsewhere outside the retail establishment. Customers can get intoxicated after consuming alcohol purchased in your store. This impairs judgment, leading to accidents, injuries, or property damage. Some customers may also experience alcohol poisoning and require hospitalization. When such incidents occur, dram laws might hold you accountable. They may need your liquor store to pay all associated costs. Liquor liability coverage will protect your store from financial losses in case of liability claims.
4. Breweries and Wineries
Most breweries and wineries produce and serve beer and wines on-site. Serving alcoholic beverages in their bars or tasting rooms exposes them to various risks and liabilities. Liquor-related issues can occur within the premises, such as an intoxicated guest injuring another guest. The guest can also cause an accident while driving from the premises, leading to injuries or property damage. You must pay for any costs if victims sue your brewery or winery. The intoxicated guest can also sue your business due to over-serving and alcohol poisoning. A liquor liability policy can cover all expenses, including settlements and legal fees.
5. Grocery and Convenience Stores
Some grocery and convenience stores might sell various prepackaged alcoholic beverages. These stores benefit from liquor liability assurance in case of liquor-related incidents from intoxicated customers. The policy covers your store if the customer harms people or damages property after consuming the alcoholic drink. It also covers expenses resulting from medication or hospitalization due to alcohol poisoning.
Protect Your Assets With Liquor Liability Insurance
These are a few businesses that can invest and benefit from liquor liability coverage. This insurance policy protects your business from alcohol-related issues such as injuries, accidents, assaults, property damage, and alcohol poisoning. It covers medical costs, repairs, settlements, and legal fees in case the victim sues your business. Purchase a reliable liquor liability insurance today to protect your bar, restaurant, brewery, or grocery store.
