Liquor Liability Insurance

Liquor Liability Insurance Coverage for the liability of an entity involved in the retail or wholesale sales of alcoholic beverages, or it helps cover claims of bodily injury or property damage that an intoxicated customer causes after a company served them alcohol. Liquor Liability is excluded from General Liability and must be purchased as a separate policy. It protects against bodily injury and property damage claims for companies that are in the business of manufacturing, distributing, selling, or serving liquor. The policy provides coverage for legal fees, settlements, and medical costs associated with bodily injury or property damage caused by an intoxicated person, who was served or sold liquor by the policyholder. Liquor Liability Insurance does NOT Cover: -Patrons who are underaged and drinking. -Offenses outside of property damage and bodily harm ex: libel & slander. -Damages to your own property. For example, a financial firm serves alcohol at their annual company party. An intoxicated employee accidentally strikes a pedestrian on his drive home, which results in a lawsuit against the financial firm for the pedestrian’s injuries. Since the firm isn’t in the business of serving or supplying alcohol, their general liability policy may cover the incident. Alternatively, if the business were a restaurant, Bar or tavern instead of a financial firm, their general liability policy would not cover the accident. The would have needed liquor liability insurance to cover the accident since they are in the business of serving and selling alcohol. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful