Purchasing insurance for bars is a smart investment that protects you and your bar and helps your business thrive. Good coverage protects hospitality business owners’ finances, property, and employees from significant damages. As a bartender, you can safeguard yourself and your staff with the help of Tabak Insurance. Here are some of the steps involved in getting you and your bar insured:
Understand the Risks
There are risks related to serving alcohol to customers, so it’s beneficial to take some precautions to protect the well-being of both patrons and bartenders. While bartending, you’ll interact with individuals who have varied reactions to intoxication. Occasionally, some customers may become unruly, and incidents may happen. Servers and bartenders play a significant role in helping customers enjoy their drinks responsibly, which creates a safer environment.
Working with an insurance provider that specializes in the hospitality industry helps you creat a custom policy that protects employees’ livelihood, medical bills, and reputation if an alcohol-related incident occurs. Find a company that understands the unique requirements associated with running a bar for help navigating liquor liability laws and understanding how insurance can help. Tabak Insurance offers different types of bar and restaurant coverage that address your business’s specific needs and risks.
Select a Policy Type
Once you’ve identified your business’s potential risks, work with your insurer to select an appropriate coverage type. Our team offers simple and comprehensive plans depending on your budget and coverage needs. These are some of the types of insurance bartenders and bar owners may need:
General Liability Insurance
General liability insurance covers your bar in case you or someone else gets injured while on the property. If someone gets hurt while serving or purchasing drinks, general liability insurance covers the medical expenses and any legal fees that might arise from the situation. If a patron’s property, like an electronic device, gets damaged by a spilled drink, this insurance can help them replace or repair the item.
Liquor Liability Insurance
Some states require all establishments that serve alcohol to carry liquor liability coverage. This insurance protects your business in case an intoxicated patron causes harm to themselves or others. Liquor liability insurance is helpful even if your state doesn’t mandate it, since it also provides coverage for employees involved in alcohol-related incidents.
Workers’ Compensation Insurance
If you employ bartenders, you might be legally required to carry workers’ compensation insurance. This insurance covers expenses like medical bills and lost wages if they are injured while on the job. The coverage can include past, present, and future expenses related to employees’ workplace injuries.
Commercial Property Insurance
Commercial property coverage is a type of insurance for bars that protects your assets in case of fire, theft, or other damages. Even if you’re just renting a space, property insurance covers your personal belongings and restaurant equipment. This coverage can be tailored to your specific needs, depending on your bar’s location and property structure.
Purchase Your Insurance
Read all the terms and conditions before signing any insurance contract. Check what’s covered, ask questions, and request changes if needed. By confirming the details and legal requirements, you’ll receive a policy that matches your needs. Legal requirements for bar insurance may vary depending on your state. Some states require bars to have specific types of coverage, and an expereinced insurer will research your state’s laws to confirm you’re compliant. Working with a provider that understands the local insurance regulations can help you avoid legal and financial consequences.
Before purchasing policy, ask your provider whether the coverage can be adjusted as your business grows. If you are a catering bartender and decide to open a physical bar, your insurance needs might change. Reviewing your coverage regularly is an easy way to verify it meets your standards. Reevaluate your contract any time you’re thinking about making significant changes or investments in your bar.
Tabak Insurance Offers Insurance for Bars
Tabak Insurance offers customizable insurance for bars that allows you to meet industry regulations while protecting your business and staff. Our team helps you reduce potential liabilities by selecting the most appropriate type of coverage and combining policies for comprehensive protection. Contact us today or fill our our online questionnaire to receive a quote and learn more about our bar and restaurant insurance policies.
