If your business sells foods and drinks and serves several customers at a time, you need bar insurance coverage. These types of businesses need extra layers of protection because of the inherent risks involved, such as accidents, injuries, and property damage. Here are five kinds of businesses that need bar insurance.
Nightclubs
If you serve alcohol, it’s likely you will deal with inebriated customers. Nightclubs need bar insurance and other unique policies to cover them against risks. They need liquor liability insurance for injury and property damage claims resulting from intoxication. Nightclubs also need business liability insurance, which includes commercial property, business income, and general liability coverage. Each coverage plays a role in keeping the business running and mitigating risks. If a customer slips and falls in your nightclub, general liability insurance can cover the hospital bills and other compensation.
Restaurants and Eateries
Restaurant owners have some legal responsibility for serving food. You need general liability insurance in case someone gets sick after eating and drinking at your restaurant. This insurance also covers injuries occurring within your premises or property damage to someone else’s items. Other insurance types your restaurant or eatery may need include liquor liability, worker’s compensation, property insurance, Business Owners Policy (BOP), and more. In several states, worker’s compensation is a legal requirement. This will help pay for medical expenses, and lost wages for any staff members injured while on the job.
Catering Business
Owning a catering business involves attending parties and celebrations. Many of these events require their caterers to serve alcoholic drinks, and that means potentially dealing with intoxicated patrons. You need protection from the risks that come with serving alcohol to large groups of people. Liquor insurance covers your business against injuries, accidents, property damage, and other alcohol-related claims. Other insurance types for catering businesses include general liability, product liability, and worker’s compensation.
Bars and Pubs
Running a drinking establishment is potentially lucrative but still involves different risks. Some types of insurance coverages tailored to the unique needs of bar establishments include general liability insurance, liquor liability insurance, and property insurance. These types of coverages come with unique layers of protection against different risks so your bar or pub can continue running despite challenges. They cover property damage, workplace injury, or liability claims.
Casino and Gaming Establishment
Casinos and gaming establishments serve alcohol to their customers, which necessitates the need for bar insurance. The environment of such establishments and the presence of alcohol can lead to several risks that may cause damage and accidents. Bar insurance helps protect the owners from losses resulting in liabilities caused by intoxication. Having liquor liability insurance can protect a casino from alcohol-related losses. Other coverages, such as general liability insurance, protect you from property damage due to accidents.
Protect Your Business with a Bar Insurance Cover
Accidents, injuries, and property damage are common in businesses that serve alcohol. People can get rowdy when drunk, potentially causing financial losses to your business. If you run a restaurant, catering business, nightclub, or casino, give your business an additional layer of protection with bar insurance.
