It is highly advisable to purchase liquor liability insurance if you operate a business that sells alcohol. Liquor liability insurance provides protection from litigation involving alcohol incidents.Laws regarding the selling and consumption of alcohol are not established by the federal government, so it is best to check to see if your state has liquor liability laws. Local authorities establish and enforce these laws which means the specific guidelines as to who can sell, purchase, and consume alcohol and under what conditions – as well as the punishments for violation – vary widely across jurisdictions. Although all fifty states have a minimum drinking age of 21 and maximum limit for blood alcohol content allowable to operate a vehicle, that’s where the similarities end and differences begin. Mismanagement of the commercial sale of alcohol at your bar could threaten the success of your business due to increased liability exposure, both criminal and civil.
Before you serve your first customer, your business is at great risk and
liability. Thankfully, there are many insurance options to help businesses
protect their livelihood. Below are critical types of insurance that restaurants
and bars should consider to protect their financial investment.
5 Types of Business Insurance You Shouldn’t Go Without
Double, double toil and trouble; fire burn and, wait—is this covered by business liability insurance? If you have to think twice about your liability insurance coverage, it might be time to call an agent. Halloween is often a time where business owners contemplate their coverage as many liability insurance claims are related to injuries and accidents. Don’t let the thought of financial risk and loss of assets scare you into shunning trick-or-treaters or party-goers from your property this Halloween.
Here are three frightening liability insurance claims to avoid: (more…)
Have you ever had a customer slurring their speech and asking for yet another drink? Perhaps a customer drinking and showing off, while being loud or obnoxious inside of your business? How about someone drinking excessive amounts of alcohol within a short period of time?
All these can be signs of intoxication. As a bar or restaurant owner, it may seem as though intoxicated customers just come with the line of business you are in. However, it’s how you deal with these intoxicated customers that can make all the difference.
Businesses in the hospitality industry (bars, restaurants, hotels) provide a fun and relaxed atmosphere for clientele to briefly escape their everyday routines. While these establishments look for ways to distinguish themselves from the competition, they often share one common feature: a bar. Alcohol service, the commercial sale of alcohol, creates unique risks and exposures which business owners must not only address by having specific guidelines in place; they must also strictly enforce.