Any establishment that serves alcohol would be remiss in neglecting its liability insurance. Bars carry a special risk since their main function is to serve alcohol. Liquor liability insurance for bars is one aspect of a comprehensive policy. It is important for bar owners to understand the importance of liquor liability insurance.
Liability insurance, in general, is important because it covers a loss that occurs on your property. If someone slips and falls in your restroom, your insurance carrier may pay the claim. However, if that same person was drinking, general liability insurance may not cover the damages. When liquor is involved in an accident, special coverage exclusions may apply. It’s important to find a broker who specializes in hospitality insurance. Since a bar is considered a hospitality business, an experienced broker will be able to get you enrolled in policies and programs aimed at giving you the best coverage for your bar.
Accidents and incidents are bound to happen. When they happen at your bar, the results can be financially detrimental if you don’t have the appropriate insurance in place. It is important that you consult with a professional who can guide you in the direction befitting your business. Liquor liability insurance for bars is one piece that may ease the burden a claim causes.