Liquor liability is a type of insurance that protects your business from the actions of intoxicated people. If you sell alcohol, this type of coverage is absolutely essential. This is true if you own a nightclub, a bar, a restaurant, or any other type of business that sells alcohol. Unfortunately, you could be held liable for auto accidents, fights, and injuries resulting from people who get drunk at your establishment. That is, unless you have a liquor liability policy. Here are some of the reasons you should add this policy to your coverage.
How it Works
This type of coverage is financial protection against the unknown. After all, you can’t be responsible for the behavior of people once they leave your business. But the law says that you can be directly connected to the outcome of their actions. There’s just no reason for you to risk your business — including assets and your reputation — on a stranger’s drunken mistake. A liquor liability policy protects your business against lawsuits that result from property damage or personal injury.
Why it’s Important
You need this type of coverage if you sell, distribute, or manufacture alcohol. Otherwise, you could be tied legally to the accidents of anyone who purchased your products. For instance, someone could cause an auto accident after leaving your restaurant. Then, the victimized party could try to seek damages from both the driver and you, as the seller of the product. It’s important to realize that a liquor liability policy is separate from your typical general liability coverage. If you thought you had everything worked out, now is a good time to reevaluate your coverage and ensure that you have the protection you need.
Don’t risk your business because you didn’t have the right coverage. Reach out to Prince Insurance to get a quote and make sure you can operate confidently and safely with the right insurance policies in hand.