| This may sound quite interesting to those business | | | | caused by drunk fights. That is why your business |
| owners who have to deal with alcohol. Because liquor | | | | insurance policy should carry assault and battery |
| liability insurance is a form of commercial insurance | | | | liability coverage. Otherwise, there's not much sense |
| that protects the business from legal action on behalf | | | | in having such a policy at all. * Defense Costs |
| of the consumers who harm or injure themselves or | | | | Included – One of the biggest parts of expenses |
| others from consuming the product (alcoholic | | | | in such claims for your business are of course |
| beverage). In case your enterprise produces, bottles, | | | | attorney fees. Insurance companies understanding |
| distributes or sells any alcoholic drinks, this type of | | | | that, quite often exclude defense costs from the |
| insurance will definitely be helpful. Liquor liability | | | | coverage amount. And this often means that you |
| coverage is somewhat similar to product liability | | | | won't have quite much to spend on a skilled lawyer |
| insurance and can be sold as an integral part of it, or | | | | that will be able to defend your interests in court |
| as a stand-alone policy, depending on the insurance | | | | effectively, even if you have a $500,000 business |
| provider. However, you have to keep in mind that | | | | insurance policy. * Employees Included – In case |
| this type of insurance coverage is not included into | | | | your business serves alcoholic drinks, then your |
| your standard commercial insurance, which will be | | | | workers will drink no matter what the rules say. And |
| unable to protect you if such claims arise. Keep in | | | | most insurance companies will exclude your workers |
| mind that this type of insurance coverage can be | | | | from liability coverage. It's good to have your |
| quite costly, with rates varying from state to state. | | | | workers insured as patrons. * Damage Definition |
| In fact, experts say that only 35% of enterprises | | | | Includes Mental Damages – Some policies exclude |
| that should carry it actually have it in their insurance | | | | non-physical damage from coverage stating that it's |
| policies. It's partially caused by the common belief | | | | not a direct form of damage. Make sure to get a |
| within the hospitality industry that there is no such | | | | policy where stress, psychological damage and |
| thing as liability with drunk patrons. And while it's still a | | | | anguish are also regarded as damage to the patron. * |
| subject for intense debate, insurance companies | | | | Reduced Premiums Based on Safety and Claims – |
| continue to add exceptions to such policies, | | | | Some business insurance companies specialized in |
| sometimes making them completely useless when | | | | providing insurance to bars and restaurants |
| legal action comes. If your business is located in a | | | | sometimes offer free trainings to policy holders' |
| "dram shop liability" state and deals with alcoholic | | | | employees on how to reduce the damage and |
| beverage as a source of income, then such liability | | | | improve safety of their business. Having no claim |
| coverage is a must. What your liquor liability policy | | | | history can even let you opt for a considerable |
| should carry: * Assault and Battery Coverage – | | | | discount, so ask your insurer for one if you comply. |
| In most cases bars, pubs and restaurants face claims | | | | |