Bar insurance is a specialized policy that protects you from the various risks of owning an alcohol-serving business. It covers damages caused by accidents, intoxication, vandalism, and theft. At Tabak Insurance, our team will discuss the benefits of each plan and provide professional recommendations to safeguard your business. Here are three things to know about bar insurance:
1. It’s Customizable
Your bar insurance policy is customizable, allowing you to tailor it to your business’s staff size, property needs, and risk potential. You can incorporate various insurance types into your policy, depending on the level of coverage you prefer. These insurance types include:
- General Liability Insurance: This covers injuries and property damage that occur on your premises.
- Workers’ Compensation Insurance: Protects your employees against work-related injuries, such as falls, cuts, and burns.
- Liquor Liability Insurance: Covers claims related to alcohol service and may be required by the state before receiving a liquor license.
- Property Insurance: Protects your bar’s property, such as the building, furniture, fixtures, and equipment.
Additional types of coverage you may want to have for your bar include business interruption insurance and errors and omissions (E&O) insurance. Business interruption insurance helps cover lost income if your bar closes temporarily. This may be due to an insured event, such as a fire or weather damage. E&O insurance can be beneficial if you frequently work with event organizers, host mixology classes, or rent out your bar for private events. This coverage accounts for liabilities related to perceived errors or misunderstandings when providing your services, such as a customer claiming your drink mixing instructions were incomplete. At Tabak Insurance, we’ll help you evaluate your risks and customize your plan to cover your bar fully.
2. It Provides Comprehensive Protection
A bar insurance policy is designed to protect you, your business, and your customers. It covers accidents that could happen to both staff and patrons, such as slips and falls. Workers’ compensation can cover medical expenses and lost wages if an employee gets injured while handling glasses or serving customers. Bars that have a lot of equipment, inventory, and appliances benefit from comprehensive property insurance. This coverage can apply if your dishwasher malfunctions and floods the kitchen or if your sound system gets stolen.
Comprehensive insurance also protects your business by providing financial relief if you need to close your bar after a natural disaster. This can help you cover expenses like rent, payroll, and utilities until you complete any necessary renovations and reopen. Adding assault and battery liability insurance to your policy further protects your business. It safeguards your bar if an intoxication-related fight occurs on the property and an involved party pursues a personal injury claim.
3. It’s Not Just for Bars
Bar insurance can apply to any business that sells alcohol, including nightclubs, pubs, and restaurants. Some coverage included with this insurance may also be required by law for certain businesses. This applies to workers’ compensation insurance, which can be a requirement if your bar has servers, bartenders, or additional employees.
Catering services also need specialized insurance. If your bar caters for events at other locations, you may benefit from adding off-premises coverage to your insurance plan. This coverage protects your equipment if it’s damaged during transport. Our team will help you review your services, create an insurance plan that meets your business model, and get you insured in 24 hours or less.
Customize Your Bar Insurance Coverage Today
If you own a bar, tavern, or nightclub, you can safeguard your assets with comprehensive insurance coverage. Our agents at Tabak Insurance will work with you to build a balanced policy that protects against property damage and personal injury claims. We also provide coverage for drunk driving accidents. Contact us today to learn more about bar insurance and to personalize your plan.
