Liquor Liability Insurance

What is Liquor Liability Insurance?

Liquor liability insurance, often called dram shop insurance, protects your business from claims arising from the serving or sale of alcohol. It covers bodily injury and property damage caused by intoxicated patrons. This type of coverage is essential for businesses that serve, sell, or distribute alcoholic beverages.

Who Needs Liquor Liability Insurance?

Any business that serves, sells, or distributes alcohol should consider liquor liability insurance. This includes:

• Restaurants and bars
• Liquor stores
• Event venues that serve alcohol
• Caterers
• Hotels and casinos

What Does Liquor Liability Insurance Cover?

Liquor liability insurance can cover a range of costs, including:

• Bodily injury: Medical expenses, lost wages, and pain and suffering for injured individuals.
• Property damage: Costs to repair or replace damaged property.
• Legal defense: Costs associated with defending your business against lawsuits.
• Settlements and judgments: Financial awards to injured parties.

Benefits of Liquor Liability Insurance

• Financial protection: Protects your business from costly lawsuits.
• Risk management: Helps mitigate the risks associated with serving alcohol.
• Customer satisfaction: Demonstrates a commitment to safety and responsible service.
• Peace of mind: Provides confidence knowing your business is protected.

Factors Affecting Liquor Liability Insurance Costs

Several factors influence the cost of liquor liability insurance, including:

• Type of business: Restaurants, bars, and liquor stores have different risk profiles.
• Location: Areas with higher rates of alcohol-related incidents may have higher premiums.
• Sales volume: The amount of alcohol served can impact your premium.
• Claims history: Previous claims can increase your insurance costs.
• Coverage limits: The amount of coverage you choose will affect your premium.

Contact us to learn more about the right liquor liability coverage for your business.