Liquor Liability Insurance in Houston, TX
In the hospitality and retail sectors, serving alcohol can be profitable, but it also carries considerable risks. Liquor liability insurance serves as an essential financial safety net for businesses involved with alcohol, offering coverage against the financial repercussions of alcohol-related incidents. Recognizing the value of this specialized insurance can aid business owners in navigating potential legal and financial hurdles.
What Is Liquor Liability Insurance?
Liquor liability insurance is a form of business coverage that offers financial protection for establishments that sell, serve or distribute alcohol. It can help financially cover claims for 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 can typically help cover the following:
- Bodily injury—If an intoxicated person injures themselves or others, the insurance can help cover medical expenses and legal fees.
- Property damage—Liquor liability insurance may cover the costs of damage caused by an intoxicated person to someone else’s property.
- Legal costs—If your business faces a lawsuit due to an alcohol-related incident, this insurance can help with defense costs, settlements and judgments.
- Assault and battery—Some policies include coverage for incidents involving fights or assaults resulting from alcohol consumption.
- Third-party liability—It can help cover claims made by third parties injured or whose property is damaged by an intoxicated person served by your business.
Who Needs Liquor Liability Insurance?
The following businesses should consider liquor liability insurance:
- Bars and pubs
- Restaurants
- Nightclubs
- Caterers
- Liquor stores
- Retailers that sell alcohol for off-premises consumption
- Event organizers
Learn More
Contact Best Option Insurance and Tax to determine if liquor liability coverage should be added to your insurance portfolio.