Liquor liability insurance is a confusing topic for many businesses and business owners. It actually has a far greater range of applications than most assume. It's important to understand more about it, where and how it applies, and what types of businesses need it in order to fully protect themselves. Take a look at this guide to liquor liability, and its common misconceptions, to get started.
First, one of the biggest misconceptions is that liquor liability insurance is only for bars. That's actually not true. Alcohol liability insurance is utilized by any business which manufactures, sells, serves, or facilitates, the usage of alcohol on its premises. That means beyond pure bars, alcohol liability applies to restaurants, clubs, social clubs, liquor stores, convenience stores, and more, including potentially events or event spaces.
Another misconception is that liquor liability insurance is really focused on drunk driving arrests and DUI-related charges. Certainly, that's what generates the biggest headlines and the most fear, but the most common application is with assault and battery charges.
Also keep in mind that a general liability policy for your business is never inclusive of liquor liability. It would be a mistake to simply rest easy with the general liability policy and believe you're covered. Liquor liability or host alcohol liability insurance is a separate type of coverage. That's never something that you want to find out the hard way, after something has occurred and you're on the hook.
Keep in mind that as with any other type of insurance policy, there's a range of different options available. Some are certainly more costly, and comprehensive, than others. It's important to consider your own needs and what you're looking to pay for and guard against. For instance, many policies will include coverage extended to on-site employees, while others provide coverage specifically for legal fees and defense costs in court.
Hopefully you know a bit more about liquor liability coverage and what it all means. Clearly, it's much different than many people tend to assume. That's why it's so important to work with an insurance provider or agent who can help you navigate the process, and find a policy which is truly tailor-made to your own needs. You don't want to leave yourself unprotected, but of course, you don't want to pay for protection you won't ever need, either.
Ultimately though, the 3 big rules to remember with host alcohol liability is that it's not just for bars, it's not included in your general liability, and it's not just for DUIs.
John Rothschild is the owner of ACI Insurance Services, a leading provider of Florida commercial insurance for more than 10 years. ACI is known for their customer service, their extensive experience and knowledge of the industry, and their affordable rates, and they'll do everything they can to meet the needs of their clients.
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