Getting Liquor Liability Insurance For Business: What You Ought To Know

Are you thinking of starting a business that serves alcohol to its customers? If the answer is yes, you need to get liquor liability insurance for your establishment.

This article will discuss some of the things you can look forward to if you ever decide to get liquor liability insurance anytime soon. If you would like to learn about this particular type of insurance, continue reading.

Definition of Terms

Liquor Liability Insurance refers to a specific type of insurance that protects establishments that serve liquor to their customers. If you plan to start a business of this nature, you should consider getting one of these.

Below are some additional details about liquor liability insurance as follows:

The Specific Coverage Limits

1. Property Damage Suppose a customer comes into the establishment already drunk and proceeds to damage your place of business. In that case, this particular insurance policy can cover repairs and replacement of broken items within your specific building.

2. Drunk Driving Suppose someone from your establishment damages the property with their car because of drunk driving. In that case, the insurance policy will cover the costs of hospitalization and litigation fees if and when necessary.

3. Assault and Battery Liquor liability insurance will cover the damage if someone in the establishment causes disturbances due to physical altercations with fellow customers. Of course, you would still have to avoid any of these physical altercations as much as possible. There are also limits to what the policy can cover. Discuss this with your insurance company before the updates.

Additional Points

Much like professional liability insurance, it also covers court fees and the medical fees of the aggrieved parties. You may even be able to pay your lawyers with money from the insurance. However, consult your insurance company about this first.

Closing Statement

If you want to save up on repair costs, you should update this particular policy in your arsenal right away. It will protect you from financial ruin in the future. It will be a good investment not only for yourself but also for your business.

At Second Western Insurance Services, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (818) 952-5203. You can also request a free quote by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!