If you own a bar or are thinking about owning a bar, the right insurance coverage can ensure the longevity of your investment. Protect your assets and operation with the right insurance portfolio. Depending on the size and coverage options selected, there are differences in bar insurance cost.
Assault and Battery Insurance
Bar fights are not just something seen in the movies. Sometimes bartenders or bouncers get into fights with patrons. Limit the bars liability with assault and battery insurance.
Commercial Property Insurance
Cover the bars physical property with commercial property insurance. Only insuring for Actual Cash Value only covers what the machinery and equipment are worth not how much it costs to replace them. Insuring for the cost of replacement is a more expensive option but might be the better investment option.
Liquor Liability Insurance
Serving alcohol including wine, beer and liquor comes with its own risks. Don’t be held accountable for drunken patrons actions. The cost of liquor liability insurance depends on a variety of factors including:
- Total alcohol sales
- State where the bar operates
- Whether the owner is responsible for third-party injuries caused by patrons
- Nature of your business
Protect your bar and yourself regardless of bar insurance cost. The inherent risks and liabilities for bar owners make having the right insurance a necessity.