Did you know that several alcohol-related incidents cause billions of dollars of property damage, medical care for those injured in such incidents, each year? The question that arises here is who is responsible to pay for these damages or medical expenses? Each party that is responsible or liable to have caused the damage which also includes the person who caused the damage, and the liquor serving restaurant or store.
This is why you as an alcohol-serving business need to have liquor liability insurance. There are two types of liquor liability coverages. Depending on the type of business you own, you will either have to invest in host liquor liability or liquor liability insurance. Here’s some more information on both these coverages that will help you make the right decision.What is Host Liquor Liability Insurance?
Host Liquor Liability Insurance is for those businesses which do not serve or sell alcohol, however allow alcohol consumption on their business property and premises.
Businesses who host social events where alcohol is consumed, venue owners where alcohol is consumed, and even bottle clubs or restaurants that do not serve alcohol but allow patrons to bring their own and consume it on-premises need a Host Liquor Liability Insurance.What is General Liquor Liability Insurance?
Businesses that sell and/or serve alcohol face lawsuits if an intoxicated patron causes an injury or damages to a third party. A comprehensive general liquor liability insurance covers you for legal expenses and settles the costs of medical care or property damages.
General liquor liability insurance is ideal for businesses that manufacture, sell, or distribute alcohol products, such as restaurants, bars, taverns, breweries, and retail shops.
So if you own a business that either serves, produces, sells alcoholic beverages or hosts alcohol consumption, make sure you are covered with dependable liquor liability insurance. For complete coverage for your business, check out our wide range of business insurances and buy one online here: https://www.exceedinsurance.com/