To understand liquor liability insurance, you first have to know about liability insurance in general. Liability insurance helps protect businesses from unforeseen lawsuits and similar claims. For example, general liability insurance (sometimes called commercial general liability insurance) can cover the costs of things like:
The above coverages tend to be standard with general liability insurance. Insurance policies can also have what are known as endorsements, add-ons, or riders. These added provisions modify or enhance the base insurance policy.
So, what is a liquor liability add-on in particular? It can cover liability associated with the selling, serving, or furnishing of alcoholic beverages.
Any business that provides alcoholic beverages in one way or another should be protected by liquor liability coverage as an add-on to its commercial general liability insurance or other policy.
Liquor liability coverage includes cover for:
And the size of the business doesn’t matter. Even a small restaurant or neighborhood grocer can be sued for things like serving minors or providing alcohol to customers who are visibly intoxicated and subsequently get into a car accident. Similarly, a business would need liquor liability insurance for a wedding or other event, even if it’s only a one-off situation. For any event, in order to host, liquor liability coverage is vital.
Multiple factors go into calculating the cost of small business liability insurance and any add-ons like liquor liability coverage. These include your location, business size, and claims history. However, you can get a fast, free online quote to determine your small business liability insurance cost.
You can also buy a liability insurance policy and add-ons online. And your coverage goes into effect immediately on the effective date you choose when you make the purchase, with instant access to a Certificate of Insurance (COI).
Liquor liability is just one type of liability insurance endorsement. Others include:
Yes, it matters where you get your small business insurance. Liquor liability insurance is critical for businesses that serve or provide alcohol. That said, you want to keep your insurance costs as low as possible while maintaining adequate coverage.
At biBERK, our direct-to-you approach means there is no middleman or broker involved in the transaction who requires payment for their services. As a result, we’re able to provide insurance for up to 20% less than other insurance companies.
The company that provides your liability insurance policy and add-ons like liquor liability matters, too. biBERK is an organization with a background that gives our customers confidence that we’ll be there for them when they need us. We're part of Warren Buffett's Berkshire Hathaway Insurance Group with millions of satisfied customers, more than 75 years of insurance experience, and $38 billion in paid claims in 2020.
In short, you can trust biBERK for business insurance made simple and affordable!
In addition to general liability, biBERK offers a wide range of business insurance coverage, including: