biBERK Business Insurance provides an overview of alcohol liability insurance, what is it? and who needs it?

What is an alcohol liability supplement to a liability insurance policy?

Alcohol liability insurance

by biBERK Business Insurance

Omaha, NE, Aug. 11, 2022 (GLOBE NEWSWIRE) — To understand alcohol liability insurance, you must first understand liability insurance in general. Liability insurance helps protect businesses against unforeseen lawsuits and similar claims. For example, general liability insurance (sometimes called commercial general liability insurance) can cover the costs of things such as:

  • Damage to customer property. An example might be that your employee accidentally starts a fire in a building you work in, resulting in the need for expensive smoke extraction and structural repairs.

  • Non-employee bodily injury. If, for example, a customer injures his head when something falls on him in your business, general liability insurance can cover his medical expenses as well as legal fees and damages.

  • Product liability. If the products your company develops or sells injure people or damage property, this coverage can pay for the legal costs associated with lawsuits. It can also cover medical expenses in the event of an injury.

  • Libel, slander and copyright infringement. This coverage can pay for legal costs related to what are called publicity injuries – incidents in which you are accused of saying negative things about another company in your advertisements or stealing an advertising idea.

Woman looking at shelves of wine

Woman looking at shelves of wine

The above coverages tend to be standard with general liability insurance. Insurance policies may also have what are known as endorsements, add-ons or endorsements. These added provisions modify or improve the basic insurance policy.

So what exactly is an alcohol liability add-on? It can cover liability related to the sale, service or supply of alcoholic beverages.

Who needs an alcohol liability supplement for their commercial liability insurance?

Any business that supplies alcoholic beverages in one way or another should be protected by alcohol liability insurance in addition to its commercial or other liability insurance.

And the size of the company does not matter. Even a small restaurant or neighborhood grocer can be sued for things like serving underage people or supplying alcohol to customers who are visibly intoxicated and then have a car accident.

How much does small business liability insurance cost?

Several factors go into calculating the cost of small business liability insurance and any add-ons such as alcohol liability coverage. These include your location, business size, and claims history. However, you can get a quick and free quote online to determine the cost of your small business liability insurance.

You can also purchase a liability insurance policy and additional options online. And your coverage is effective immediately on the effective date you choose at purchase, with instant access to a Certificate of Insurance (COI).

Other small business insurance top-ups

Alcohol liability is just one type of liability insurance endorsement. Others include:

  • Contractors installation, tools and equipment. This add-on covers company property, tools, and equipment while on a job site, being transported, temporarily in storage, or during installation.

  • Cyber-responsibility. This approval can protect your business in the event of an incident such as a data breach involving sensitive customer or employee data. It can also provide coverage for the defense of regulatory action if a government agency asks you to appear in court.

  • Responsibility for Employment Practices. This additional coverage applies to cases of inappropriate behavior in the workplace (for example, harassment, unfair dismissal or discrimination).

  • Employee benefits liability. This endorsement provides coverage in the event of errors or omissions in the way you administer your benefits program, such as failing to add an employee to your medical insurance, resulting in denial of coverage for a subsequent claim.

Does it matter where I buy my alcohol liability insurance?

Yes, it doesn’t matter where you get your small business insurance. Alcohol liability insurance is essential for businesses that serve or supply alcohol. That said, you want to keep your insurance costs as low as possible while maintaining adequate coverage.

At biBERK, our direct approach means that no intermediary or broker involved in the transaction requires payment for their services. As a result, we are able to provide insurance up to 20% cheaper than other insurance companies.

The company that provides your liability insurance policy and top-ups like alcohol liability too. biBERK is an organization whose experience gives our customers the assurance that we will be there for them when they need us. We are part of Warren Buffett’s Berkshire Hathaway Insurance Group with millions of satisfied customers, over 75 years of insurance experience and $38 billion in claims paid in 2020.

In short, you can trust biBERK for simple and affordable business insurance!

About biBERK Trade Assurance

biBERK can help you with all of your small business insurance needs, including: commercial auto, general liability, property and liability, umbrella, and workers’ compensation.

Media Contact:
Rakesh Gupta | 402-408-2870

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