Liquor Store Insurance

Liquor Store Insurance

Protecting your liquor store might seem like a difficult task, but commercial insurance can make a huge difference. ALIGNED is here to help liquor stores find coverage that meets their needs.

Liquor Store Insurance

Liquor store insurance coverage tailored to your needs

From commercial general liability insurance to liquor liability insurance, the following is a list of insurance coverage recommended for liquor stores.

  • Commercial general liability insurance: Protect your liquor store from third party liability claims with commercial general liability insurance. Also known as slip and fall insurance, commercial general liability aims to protect your liquor store from third party bodily injury and property damage claims. For example, if a customer falls on a spilled beverage in your store and injures themselves, they could bring a lawsuit against you. But with this type of insurance, your insurer may help pay for any applicable legal fees, medical expenses, etc. up to the policy limit.  
    • Product liability insurance: Product liability insurance is often added to liquor store insurance policies as it can protect you if a product you sell, such as an alcoholic beverage, causes property damage or bodily injury to a customer and they sue you. 
  • Commercial property insurance: Commercial property insurance protects your physical liquor store and its business-related contents from property damage caused by an insured peril, such as theft, vandalism, fire, windstorms, earthquakes, and more. For instance, if a thief were to break into your liquor store overnight and steal money or alcoholic beverages, your insurer might step in and help pay for the damages. 
  • Equipment breakdown insurance: If a piece of your liquor store equipment suffers a mechanical or electrical breakdown, this could have a huge impact on your operations. Luckily, equipment breakdown insurance can cover you for this exact scenario by helping pay for the cost of repairing or replacing it if caused by insured peril like electrical arcing etc. Business income lost and/or spoilage as a result of the equipment breakdown may also be covered, depending on the details of your liquor store insurance plan. 
  • Host liquor liability insurance: Host liquor liability insurance might be important for liquor stores that serve alcoholic beverages to customers, even just in sample form. This type of liquor liability insurance might be mandatory in your area and is designed to protect against lawsuits that claim property damage or bodily injury due to an intoxicated person. 

Factors to consider before purchasing insurance coverage for your liquor store

  • Cost: Liquor store insurance costs vary, and for many policyholders, keeping their premiums as low as possible is important to them. An ALIGNED broker can help you find a policy that suits your budget without compromising on coverage. We can also inform you of the factors that will likely be used to determine your insurance rates, such as the size and location of your liquor store, the number of employees at your liquor store, your liquor store’s annual revenue, etc.
  • Where to buy liquor store insurance: You get to decide whether you want to purchase commercial insurance for your liquor store through an insurance broker or an insurance agent. Contact ALIGNED to learn more about the wide array of benefits that come from working with a broker.

ALIGN your liquor store with quality commercial insurance

Your liquor store deserves the best possible coverage, and that’s exactly what an ALIGNED insurance broker can help you find. Whether you have questions about liquor liability insurance costs or what coverage to add to your policy, contact ALIGNED today. You can also click here for a free quote.

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