Liquor Liability Insurance in Palatine, IL

In the dynamic realm of hospitality and retail, offering alcohol can be highly profitable, yet it also introduces an array of risks. Liquor liability insurance can be a crucial financial safeguard for businesses that deal with alcohol, offering protection against the financial fallout from alcohol-related incidents. Understanding the importance of this specialized insurance can help business owners mitigate potential legal and financial challenges.

What Is Liquor Liability Insurance?

Liquor liability insurance is a form of business insurance designed to offer financial protection for establishments that sell, serve or distribute alcohol. It can help cover claims arising from property damage or bodily injury caused by an intoxicated individual who was served alcohol by the business.

What Does Liquor Liability Insurance Cover?

Liquor liability insurance covers a range of incidents related to the serving or selling of alcohol. The following are the main areas it can typically help cover:

• Bodily injury—If an intoxicated person causes injury to themselves or others, the insurance may help cover medical expenses and legal fees.

• Property damage—Liquor liability insurance may help cover the cost of damage caused by an intoxicated person to someone else’s property.

• Legal costs—If your business is sued due to an alcohol-related incident, liquor liability insurance may help cover defense costs, settlements and judgments.

• Assault and battery—Some policies include coverage for incidents involving fights or assaults that occur as a result of alcohol consumption.

• Third-party liability—Liquor liability insurance may help cover claims made by third parties who are injured or whose property is damaged by an intoxicated person served by your business.

Who Needs Liquor Liability Insurance?

The following types of businesses may benefit from liquor liability insurance:

• Bars and rubs

• Restaurants

• Liquor stores

• Caterers

• Event venues

• Breweries and wineries

Learn More

Contact Contigo Insurance today to determine if liquor liability insurance is necessary for your business insurance portfolio.