How to Get Liquor Liability Insurance. Serving alcohol at a special event or owning a business that serves alcohol involves some risk. Liquor liability insurance policy can protect you if someone gets drunk on your premises and then injures himself or others or damages someone's property. This insurance also can cover your employees.
Determine the type of liquor liability insurance you need. You need host liquor liability if you are organizing a special event that will serve liquor and you do not operate a business that serves alcohol. You need regular liquor liability if you sell or serve alcohol.
Pick the type of coverage you want. Maximum policy limits are often $1,000,000, although you can find policy limits for up to $2,000,000. You can also find policy limits as low as $50,000. Make sure you have enough comprehensive coverage to protect your business and assets.
Search reviews for various insurance companies to determine your top choices. Visit websites like A.M. Best to for ratings on companies that interest you.
Contact representatives of your three top insurance company choices to compare quotes. Be prepared to give them your complete business or event information, which can include your liquor license number, types of alcohol served, gross annual sales of your business, opening and closing times of your business or special event, seating and capacity limits.
Choose your policy based on the most comprehensive coverage you can get for the lowest premium.
Ask each insurer if it offers discounts for classes and training that you or your employees attend. Find out if your top insurance company choices make price quotes available online. Online quotes can help speed up the process of choosing an insurance carrier.
Liquor liability insurance often does not completely eliminate your liability in some situations. Check your state and local liquor laws and carefully read your insurance policy for exclusions.