If your company is engaged in the business of manufacturing, selling, facilitating the use or purchase, and selling alcohol, you may often have problems dealing with people who get too intoxicated with the alcohol you sold them, especially if they cause trouble in your business premises. If that is the case, then you may want to consider getting liquor liability insurance. This type of insurance protects your company against claims for damages or losses that result from your patrons who are intoxicated and thereafter injure themselves or others. Here are some information you need to know about liquor liability insurance:
You may purchase this as an add-on to your existing commercial liability insurance policy. Note that this is an add-on which is not automatically covered when you get a standard commercial liability policy. In the alternative, you may get a separate liquor liability policy.
This type of insurance is expensive. The cost would usually vary depending on where your business is located.
If your business is located in a state that has a dram shop liability law, then you should purchase a liquor liability insurance. This law governs liquor stores, taverns and commercial establishments that serve and sell alcoholic beverages. These establishments are held liable if they sell alcohol to minors or visibly intoxicated customers who cause injury to or death of third parties who are not connected with the establishment resulting from alcohol-related accidents like car crashes.
Your liquor liability insurance coverage excludes sales of alcoholic beverages to minors and other sales contrary to law.
When you get sued in relation to a liquor liability, a big chunk of your expenses will involve attorney’s fees to engage the services of a lawyer who will defend you against these claims. Some insurance policies will deduct defense costs or attorney’s fees from your total coverage. Do not be lured into availing of a liquor liability insurance coverage with a cheaper premium if it does not include a skilled, experienced and appointed legal counsel which does not reduce coverage.
Your liquor liability insurance coverage should include protection against assault and battery claims. This is important if your business involves a restaurant or a bar where most claims would likely result from brawls or fights in your premises.
If your company is engaged in the restaurant or bar business that serves alcoholic beverages, you should get a liquor liability insurance that will cover your employees as patrons. Although you may have rules against employees drinking while at work, they are bound to drink while working.
Choose an insurance company that offers value added services. For instance, some companies offer free training and classes for the employees of businesses that avail of their insurance coverage. The insurance companies will offer discounts on premiums by as much as 15 to 20% if the business avails of the free training and it has a no claim history.
Make sure that your liquor liability insurance protects you against damages that may be intangible such as mental anguish, psychological damage, stress or sleepless nights.
Avoiding Hassle With Liquor Liability Insurance As Explained By Claims Attorney Bill Voss
The Voss Law Firm, P.C. represents clients on a local, national and international basis. We proudly serve companies and individuals along the Gulf Coast and around the globe on a contingency fee basis. Our law firm collects nothing unless we recover on our client's behalf.