How To Protect Your Bar or Tavern With the Right Insurance Policy

Running a bar entails handling everything from filing legal paperwork to attracting customers. Whether you are just getting started or have a thriving business, you need to make sure you have the right bars restaurants and taverns liquor liability insurance in place to protect your establishment.

Assess the Risks

Any establishment that serves alcohol exposes itself to certain risks. Evaluate your business and determine what the risk is for events such as:

  • Drinking and driving
  • Property damage
  • Injuries

Even if the risk of an incident seems low, you should remember that alcohol affects individuals differently. It only takes one patron to cause a situation.

Research Coverage Options

The coverage options available depend on your location and the insurance company. However, most plans offer basic coverage regarding:

If your company features a special draw, you may need additional protection in place. Dance floors can pose some risks, as patrons may slip and fall or knock into each other. Mechanical bulls, fireplaces or live events may also require special insurance.

Owning a bar can be an enjoyable avenue for entrepreneurs who enjoy the industry. As long as the proper coverage is in place, you can safeguard your establishment and concentrate on other aspects of the business.