What Types of Insurance Do Bars Need?
Although different liquor-licensed businesses will require different coverage, the following are the most common risks while running a bar:
- Business Owner’s Policy: This is a plan that bundles general liability and property insurance into one. This policy is best for damages on the property, customer injuries and any business interruption incidents.
- Workers Compensation: Workers’ compensation is required in almost every state for bars to help cover any employee’s medical bills and compensation for work-related illnesses and injuries. This policy is best for any employee medical expenses, missed wages or legal costs.
- Liquor Liability Insurance: This will protect you against damage or any medical costs, legal fees or settlements caused by intoxicated customers.
- General Liability Insurance: This policy will cover common risks such as customer property damage, customer injuries, slip-and-fall accidents and libel or slander lawsuits.
