Nightclubs, bars, and taverns come with some inherent risks due to the consumption of alcohol on their premises. Poor liquor licensing practices and unruly patrons could cause insurance claims or potential lawsuits. Bar insurance helps to protect your business from potential risks and liabilities. The following list offers an overview of the things that you can include in your bar insurance:
General Liability
Protecting customers helps your business stay successful and have a positive reputation. If you have a high number of patrons who are dancing, drinking alcoholic beverages, or participating in other activities, this might increase the likelihood of an accident. Including public liability bar insurance in your comprehensive coverage can help protect you in case of injury to a person on your premises or property damage.
Liquor Liability
If a customer gets into an accident after drinking excessively at your establishment, this coverage can cover that. Intoxicated customers may become unruly and get into a fight, resulting in injuries. A customer may also sustain injuries from becoming intoxicated and hitting their head from falling. Liquor liability exposures may also originate from not complying with applicable legislation, selling alcohol to underage individuals, and overserving patrons. Liquor liability insurance covers such incidences if a customer makes injury claims that stem from alcohol consumption against your premises.
Workers Compensation
This covers any injuries an employee sustains while on the job. A bartender may get injured if an item, such as a stored keg, falls on them when delivering supplies. Workers’ compensation insurance covers medical expenses if employees get bodily injuries while working at your premises. The policy also provides cash benefits if the employee is unable to work until they are fully healed. This is a required coverage in most states.
Property Insurance
Property insurance covers bar equipment like kitchen equipment, flooring, counters, and lighting. There are several ways your property may become damaged. They include natural disasters, equipment failures, accidents, or customer damage.
Fire insurance may also be a good idea. If you have items like linens, chairs, and tables on your property, it can also pose a fire risk. Exposures can affect patron safety, and your business can be responsible if an injury happens. Property insurance protects your inventory, property, and equipment in case of damage or loss.
Business Interruptions Insurance
If an expected problem occurs, such as a break-in or fire, you may need to close your establishment temporarily. Closing your bar even for a day can lead to a loss of revenue. Protect your premises using business interruption insurance. The policy can cover ongoing expenses when you temporarily close your business and lose income. The coverage can also cater to damage to your property or theft.
Under business interruption access, you can get a denial of access policy. It covers possible revenue loss when customers cannot access your premises. This may include a natural disaster or a loss of power in the neighborhood. The loss of attraction policy caters to potential revenue lost because of the reduction in foot traffic.
Protect Your Business With Bar Insurance
Choose an insurance agency that offers bar insurance with the right policies that match your business needs. Your establishment location and the services you offer will dictate which insurance you need. The right agency will blend ideal options to match your tastes without extended delays. Contact an agency with a good reputation for providing appropriate coverage for your business needs.
