Owners of taverns, nightclubs, or pubs invest time, money, and energy in their establishments. Without insurance, all that’s invested in can be lost in one incident. Bar insurance helps protect your investment from many possible risks, such as on-site accidents, negligent service of alcohol, equipment failure, and many others. Below is a detailed overview of common things covered by bar insurance:
General Liability Insurance
General liability bar insurance protects your business from possible risks that may come up during everyday operations. The insurance covers any damage on your property regardless of whether you, an employee, or equipment failure caused it. General liability insurance incidents include customer injuries like slips and falls, damage to a client’s property, and accusations of violation of copyright during advertising. If the unexpected happens, you might be sued for medical and other damages. With the right coverage, you protect your business from risks you may encounter.
Liquor Liability Insurance
Liability insurance covers any alcohol-related claims that might cause potential lawsuits. It offers protection in case an intoxicated person causes property damage to another person while drinking. The insurance policy may also pay the injured person’s medical and legal bills. Some companies extend the coverage to cater to battery claims, assaults, drunk driving accidents, or any other associated costs with unsafe intoxication.
With a proper insurance plan, you can avoid settlements and court costs that can financially drain your bar business. You can add assault and battery liability insurance to liquor liability insurance to protect against fights or disorderly conduct. It offers protection if a person makes a fight or injury claim against your establishment.
Workers’ Compensation Insurance
Burns, cuts, and falls can happen in a bar when serving and making drinks or food. Workers’ compensation insurance protects your staff if they encounter work-related injury or get ill from exposure while working. The coverage caters to the injured party’s medical bills. It also offers compensation for lost wages until they return to work. The policy mainly benefits your staff but can also protect your establishment from financial loss and legal actions. With the coverage, you can avoid workplace injury lawsuits, saving your business’s reputation. Having workers’ compensation insurance is typically required in most states.
Property Insurance
Property insurance coverage covers your inventory, equipment, and building. Depending on your location and situation, you could have the coverage customized to cater to what you need. When customized, property insurance coverage can entail protection against losses or theft of inventory. A customized policy also caters for damage to property resulting from freezer or refrigerator malfunction, ruining your food storage. In case of an unforeseen event, the policy can cover the cost of reconstruction or repair, business operation, payroll expenses, and lost property during repair.
Get Your Bar Insurance Coverage Today
If you own a nightclub, tavern, or pub, you protect your assets using comprehensive bar insurance coverage. Find a company that helps to create a balanced policy that offers protection against personal injury and property damage claims. Contact a company that can help you choose policies necessary for your business.
