What does it cover?
Because this is a liability coverage - it covers things you are liable for. Your responsibility has to be proven before your coverage takes effect. Then your coverage will help pay for bodily injury and property damage. This means if you serve alcohol to a guest, and the person you served alcohol to goes out and injures another person (like a drunk driver causing a car accident), you can be named partially responsible for that accident. Then you may be held responsible to help pay for medical bills, damage to the car or other property, and may even be named in a lawsuit. Your liquor liability coverage would come into effect then - paying the medical bills, repair costs and defense costs up to the limit of insurance.
Where do I find this coverage?
There is usually some coverage under your homeowners policy, but that is for personal exposures. If you are having a large party, in your home or outside of it, you may want to get
special events coverage with liquor liability to help cover your risk. That way when you have lots of people and you are serving alcohol your guests are covered, and anything your guests do to each other or property around them is covered.
If you own a business where you serve alcohol, liquor liability can be added to your general liability policy. Often, liquor liability goes hand in hand with abuse and molestation as well - and having both on your policy is essential. Take you policy out and make sure you have it. If not, make sure you get it added on. It is often an additional coverage and has it's own separate limit. Make sure you have the coverage, and that it has enough money to cover your defense costs in the case of a lawsuit, or the medical bills in the case of a terrible accident.
Don't let one bad decision destroy your business or your life.
Need a quote for liquor liability? Give us a call at 800-843-2430 and we would love to help you out!
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