Michigan Liquor Store Insurance Programs

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Michigan Alcohol Industry Snapshot

  • For every liquor store in Michigan, there are 6,251 people
  • Grocery stores in Michigan are allowed to sell wine, beer, and spirits

Michigan Liquor Store Insurance Programs

Do you own a liquor store in Detroit or Lansing? Maybe you have a business in the Upper Peninsula? Though you can run a profitable operation in Michigan, you still need to protect your assets.

Let's say a fire or weather event destroys your liquor store. You will likely need money to rebuild the operation and protect your profits. To secure this funding without damaging your bank accounts, you should protect your liquor store with strong insurance. With coverage from Exceed Insurance, you can get the help you need to rebuild from unforeseen losses like these.

Your liquor store needs a specific policy to comprehensively address the dangers that might impact your business. Coverage you might consider buying includes:

  • Property Coverage: We can provide coverage for your building and your business' personal property. Our property coverage form helps fund repairs and replacement of items associated with your property in case of a covered loss.
  • Equipment Breakdown: Broken air conditioning systems, coolers and registers can all be costly expenditures without the right insurance. This coverage helps fund repairs so you don’t lose revenue fixing it alone.
  • General Liability: Guests or other third parties who suffer a loss on your property because of any negligence may seek damages. This coverage offers protection against these financial consequences.
  • Employment Practices Liability: Employee allegations of discrimination, wrongful termination, harassment or other employment-related issues can lead to costly legal fees. This coverage will help alleviate the cost.
  • Commercial Crime: Guests and employees may end up stealing from your liquor store. They may commit various other criminal acts as well. This coverage offers financial protection in these circumstances.
  • Workers Compensation: Michigan law requires liquor stores to carry workers compensation insurance not only to protect the business from lawsuits, but to also protect injured workers.
  • Loss of Use: If a covered incident causes you to temporarily close your business, this coverage can help cover lost income so you’re able to continue funding the business’ financial obligations.
  • Data Protection: Depending on your policy, this coverage option can help protect your electronic files, records and licensing paperwork.
  • Employee Dishonesty: Protects your business from employees’ acts of dishonesty, including theft, fraud or embezzlement.
  • Surety Bond: Depending on local laws and ordinances, you may be required to purchase certain surety bonds. They act as guarantees that you have enough collateral to continue operating your business.

Here at Exceed Insurance, we understand that your business is unique. By comparing the policy offerings of multiple established insurers, we can help our clients in Michigan find the appropriate coverage for their stores. With an attention to detail and commitment to your satisfaction, we can ensure you get the coverage that is best for you.

Our skilled agents are standing by to help you find a liquor store insurance policy that fits you perfectly. Contact us today to get started!

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