Opening a bar or tavern can result in a successful business, but it also requires a sizable investment to start. Purchasing insurance for a bar will not only benefit your business in the long run, but will help assuage the risks of the large initial expenditure. Aside from general liability, bar insurance should also provide coverage for the following:
- Liquor Liability
- Products & Completed Operations
- Assault & Battery
- Excess Liability
As drinking establishments are frequently full of a variety of personalities concentrated with libations, insurance for a bar covers alcohol-, violence- and food-related incidents.
Even though there have been numerous anti-drunk driving campaigns in recent years, there has been no significantly decline in drunk driving incidents or the lawsuits that target bars. Liquor Liability is designed to protect your business from DUI-related lawsuits. Products and Complete Operations coverage will help with patrons’ claims after they have left your establishment. Assault and Battery insurance is a must-have plan that protects employees and patrons on the premises from harm due to property damage or alcohol-induced injury.
Businesses in the hospitality industry should make sure they are covered for all of the above situations. Insurance for a bar is a complex subject that should be fully researched. Find an agent who can assist you with finding the appropriate policy for your business.