You may be a little hesitant to buy liquor liability insurance if you own anything else but a bar. However, this type of insurance can make or break any business that serves alcohol. It’s no secret that people can get a little rowdy when they’re intoxicated, and when you’re the business that served them that alcohol, you can be found liable for your patrons’ behavior. So, how can liquor liability insurance help protect your business when someone lets a little too loose? What is liquor liability insurance anyway? And why do you need it? Let’s take a look.
The world of insurance has a lot of jargon and fancy words. It can be hard to decipher “insurance-speak” sometimes. Let’s say you’re a contractor on the phone with a potential client. Everything’s great until they ask for proof of insurance. You’ve got lots of business insurance, so you don’t anticipate a problem. You politely ask what the client would like to see as “proof.” As it turns out, they want a certificate of liability insurance.
But what exactly is a certificate of insurance? What does it do?
We’ll go over what a certificate of insurance is and how to get one.
Liability insurance isn’t enough to protect your business. You must limit your business risks. What would you do if someone slipped, fell, and sued your company? Nobody wants to think about this situation, but lawsuits happen.
It comes down to this: a person can’t win a lawsuit unless they can prove to and convince a judge and jury that your business was at fault.