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abril 12, 2023
Dorsal Insurance

Liquor/Wine Stores Insurance

What is Liquor Liability Insurance?

Liability laws vary by state, but liquor stores can be liable for selling alcohol to minors or intoxicated customers. Consequently, you may need liquor store insurance coverage like a liquor liability insurance add-on to your general liability policy. You should also consider other small business insurance. A business owners policy or BOP (also called property & liability insurance) combines general liability and commercial property insurance, and cover injuries to non-employees, theft, vandalism, and lost inventory due to accidents, natural disasters, and even failed coolers. Plus, it can also have a liquor liability add-on. Workers’ comp covers employees for on-the-job injuries or illnesses. Having the right amount of insurance for liquor stores can provide financial protection should the unexpected occur.

What are the Different Types of Insurance Coverage for Liquor Stores?

Liquor liability insurance companies should offer a range of options to make sure your needs are met. But we do offer six different types of liquor insurance. Depending on the location of your business and other factors, certain types of liquor store insurance might be better for you than others.

Workers’ Compensation Insurance

This insurance helps protect your business if an employee is injured, contracts an illness, or dies as a result of an incident on the job. It can cover medical costs, legal fees, and lost wages due to the injury.

General Liability Insurance

Also known as commercial liability insurance, a general liability policy is important because it covers damages and legal costs associated with injury claims to customers and other people you don’t employ, damage to other people’s property that was caused by your business, and medical costs associated with these incidents. It also covers libel, slander, and copyright infringement. Plus, there are endorsements you can add to customize your policy, including liquor liability, cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.

Business Owners Policy

Also called property & liability insurance, a business owners policy (BOP) combines general liability insurance with coverage for your company’s property. You’ll get protection for the building you own, space you lease, and any property needed to run your business, while also receiving coverage for things like business interruption. This can replace lost income, as well as cover other costs associated with getting your business back up and running after suffering property damage, such as the use of a temporary location. You can also tailor your BOP with add-ons including cyber, hired and non-owned auto liability, employment-related practices liability, and employee benefits liability.

Commercial Auto Insurance

If your company owns or leases vehicles, this policy protects your business. This type of insurance can provide coverage for your legal fees and the medical costs of others if your employee is at fault in an accident. It can cover the cost of damages even if the vehicle is used for personal activities outside of its primary business use.

Cyber Insurance

This coverage can be purchased as an add-on to a general liability, professional liability, or BOP policy. It helps cover costs related to system hacks or data security breaches in which sensitive information has been stolen and fraud has occurred or there is a reasonable expectation that it might occur.

Umbrella Insurance

Every insurance policy you purchase has a maximum value that it will cover in the event of an incident. Umbrella insurance adds another layer of protection: it can cover costs that exceed the limit of another liability policy, subject to its own limit. Without it, you may be responsible for anything over your policy limit. Business liability suits can easily exceed the actual value of many small businesses, so we highly recommend an umbrella policy to protect your company.

Get a quote online or call us today at: 786.601.2485

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