Liquor liability insurance is a confusing subject for most businesses and also companies owners. It actually has a much greater range of uses than most assume. It is crucial to recognize much more about it, how and where it is true, and what kinds of companies require it to completely protect themselves. Check out this guide to liquor liability, and also the common misconceptions of its, to begin.
For starters, among the greatest misconceptions is that commercial general liability is just for bars. That is really not true. Alcohol liability insurance is used by any company which manufactures, or facilitates, serves, sells, the use of alcoholic beverages on its premises. Meaning beyond pure bars, alcohol responsibility is true for restaurants, clubs, social clubs, liquor stores, convenience stores, and much more, including likely events or maybe event spaces.
Another misconception is the fact that liquor liability insurance is actually centered on drunk driving arrests and DUI related charges. Surely, that is what creates probably the biggest headlines and also the most fear, although the most typical application is with battery and assault charges.
Moreover, remember that a common liability policy for your small business is not inclusive of liquor liability. It will be a mistake to just rest easy with the common liability policy and believe you are covered. Liquor liability or even host alcohol liability insurance is a standalone kind of coverage. That is never ever a thing you would like to discover the hard way after one thing has happened plus you are on the hook.