If you own a business that serves alcohol, such as a restaurant or a bar, choosing the appropriate bar insurance helps protect your establishment from the risks of daily operations. Liquor liability insurance addresses industry-specific exposures, and understanding its aspects allows you to safeguard your business. At Tabak Insurance, we specialize in liquor liability insurance that is built around the unique challenges and issues alcohol-serving businesses face. Here is how to choose the right liquor liability insurance policy for your needs:
Liquor Liability Insurance
Bar insurance offers coverage to businesses that serve alcohol, and it allows them to operate under “dram shop” state laws. These laws hold your business liable if a patron leaves the premises before causing harm. This liability often arises if you serve alcohol to an individual who is already intoxicated, and they cause harm to themselves or others.
Your business may be held responsible if there is a drunk driving incident involving a patron who left your establishment, or if an accidental fall occurs due to intoxication. This specific insurance policy is designed to cover the server for injury claims that result directly from intoxication. This helps provide financial protection against potential lawsuits. Assault and battery liability insurance guards against legal consequences if a physical altercation or fight breaks out on the premises. This offers defense in unpredictable situations that happen to establishments serving alcohol.
General Liability Insurance
Comprehensive insurance includes several coverages that protect against business risks. General liability coverage protects your business against problems like damage to your property and bodily injury caused by your operation. It protects against your equipment or the actions of your employees.
If a customer slips on a mopped wet floor near the bar area and sustains an injury, this insurance may cover their medical expenses. It also covers legal defense costs if the incident results in a lawsuit. This coverage addresses property damage claims, like someone accidentally knocking over and damaging a patron’s property.
Property Insurance
Protecting your operational assets can be done through bar insurance, which protects your equipment and inventory. You are able to customize this type of policy to address your specific operational needs. It protects against issues like theft of high-value liquor or losses from a burst pipe that damages your interior.
This insurance covers damage resulting from equipment malfunctions, like a walk-in freezer breaking down. This sometimes leads to inventory loss. Choosing property insurance helps safeguard your business from financial setbacks. At Tabak Insurance, we provide commercial property insurance that covers your building, business property, and inventory against fire, theft, vandalism, natural disasters, and equipment breakdowns. Additional coverage options under property insurance may include:
- Business interruption coverage for temporary closures
- Protection for outdoor signage and furniture
- Equipment lease protection for rented machinery
Explore Bar Insurance Today
Selecting the right insurance for your bar or restaurant provides your business wth the protection it needs against operational issues. Our specialized bar insurance is built around the challenges faced by alcohol serving establishments, and we offer tailored policies to effectively protect your business. Visit Tabak Insurance today to explore our policy options and build a custom insurance plan to protect your business.
