You could be liable for your customers’ actions, even after they leave
Image Credit: Bem Devassa
A business's general liability policy covers the establishment against on-site incidents that can result in liabilities and lawsuits. That is the same for nearly any business. However, bar & tavern owners can also be liable for the actions of customers after they leave an establishment. Off-site incidents can result in liabilities in excess of half a million dollars. Even the cost of merely defending a lawsuit where no liability is found can force a thriving business to close its doors. That is why bar & tavern owners choose to protect their assets with liquor liability insurance.
Liquor liability insurance is a policy that is unique to each bar or tavern. Based on a bar's liquor-related receipts and the unique traits of business operations & clientele, liquor liabilities can vary greatly. It is important to understand what you can do as a business owner to protect your business. That is why it is of utmost importance to consult a qualified risk adviser to evaluate a bar or tavern owner's specific liquor liabilities and design a policy to properly cover the business and personal assets involved.