Owning your own bar, tavern, cocktail lounge, taproom, or wine bar sounds like a pretty fun gig. But it can also be a lot of work to stay safe for both your business and it’s customers. Our agents are here to walk you through each step when it comes to making sure you have the protection you need to keep your happy hour patrons covered!
Although different liquor-licensed businesses will require different coverage, the following are the most common risks while running a bar:
Business Owner’s Policy: This is a plan that bundles general liability and property insurance into one. This policy is best for damages on the property, customer injuries and any business interruption incidents.
Workers Compensation: Workers’ compensation is required in almost every state for bars to help cover any employee’s medical bills and compensation for work-related illnesses and injuries. This policy is best for any employee medical expenses, missed wages or legal costs.
Liquor Liability Insurance: This will protect you against damage or any medical costs, legal fees or settlements caused by intoxicated customers.
General Liability Insurance: This policy will cover common risks such as customer property damage, customer injuries, slip-and-fall accidents and libel or slander lawsuits.
Other Options You May Need
Full property insurance to protect your bar against risks like fire and vandalism
Assault and battery insurance covering brawls/fights
Insurance against inventory loss, damage or spoilage — including food
Additional coverage for special needs such as valet parking
Just like it sounds, umbrella insurance serves as another layer of protection against potentially devastating financial circumstances. Many people believe that their home and auto policies are good enough to cover even the worst-case scenario, but that’s not always true. If your primary policies fall short, umbrella insurance can offer additional coverage should you ever need it.
Umbrella insurance can cost as little as a couple hundred dollars a year for one million dollars worth of additional coverage. We encourage our customers to rather be safe than sorry, and risk losing all that you have worked for. We recommend adding umbrella insurance to any policy that you are looking into purchasing,
We are committed to providing a personal, high-quality service
At Power3, we understand that most insurance products are generally similar in price and function. But some companies don’t thoroughly explain their policies which can become a bigger issue in the future. We built our company around trying to avoid just that– we promise honesty so that there are no surprises. Power3 will give you all the information and assistance you need when it comes to your personalized insurance plans and all-around safety.
Companies we partner with
We have your best interest at heart. With that, we only partner with trusted insurance companies we see as both affordable and of the highest quality.
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Fill out the online form below or call 630.397.0378 to get started on your free quote.