It’s true that every business can benefit from a good business insurance policy, but liquor stores have some unique risks that may require different coverage options and/or coverage limits than other types of businesses. The best way to get a suitable policy is to work directly with your insurance agent. In the meantime, we’ve compiled a list of coverage options that you may wish to consider for your liquor store.
Property and contents: Apart from the building itself, you’ll also need protection for liquor bottles, shelving and displays, signage and other physical assets.
General liability: Offers protection if a third party claims injury or property damage at the hands of your business.
Equipment breakdown: Computer equipment, point of sales systems, coolers and other equipment may need this extra protection in case of breakdown or malfunction.
Electronic data: Protects your business’ digital data from security breaches, power surges and more.
Business income: Offers compensation for lost revenue if a covered event causes you to temporarily close your business while repairs are being made.
Valuable papers protection: Licensing, regulation paperwork and documents from suppliers may be pricey to replace without this coverage.
Employee dishonesty: Offers compensation if employees are stealing, giving away products to friends or otherwise causing financial damage to the business.
Workers compensation: Funds employees’ medical bills and lost wages if they’re injured on the job.
Ready to see what a custom tailored liquor store insurance policy can do to protect the financial security of your business? Talk to your independent insurance agent today!
We’ve got you covered. Call Exceed Insurance at (855) 539-2333 for more information on the liquor store insurance policies we offer.