Hello, I’m Ron Philleo with Philleo Agency Insurance. Welcome to Philleo.com. Today we are going to talk little about insurance for taverns, bars, night clubs and restaurants that serve alcohol. When you serve alcohol, you have some additional exposures to liability and some unique situations that you need specialized coverage for. In this video we’ll discuss a little bit of those. The first and most important coverage for any tavern, bar or restaurant serving alcohol, or night club, is that you carry the right liability coverage. The first thing is general liability. General liability is going to be considered more or less your premise liability that is going to protect you in case of somebody gets injured on the premises. Very important, you want to carry a lot of coverage. Having a facility that serves alcohol, the exposures can be much higher than ones that don’t.
The next thing is, you may want to consider a liquor liability. This will protect you in case liquor is maybe administered incorrectly, and a lawsuit results in something like that, depending on the laws in your state, some states you’re more prone to carry it than other states.
The next coverage that you want to look at is your property coverage. Do you own the building you are in, or do you rent the building? If you own the building, then obviously we’ll need to insure the building. If you rent a lot of times an owner of a bar or restaurant will build out the interior so you want to cover that you’re responsible for building out.
Also there is some specialized equipment that go with taverns and bars and restaurants such as compressors and coolers. We want to make sure we add on a coverage called equipment breakdown coverage. So, if you get a power surge and it blows out the compressors, that insurance will be able to cover that for you and get you back up and running again soon.
There’s many other coverages that go along with bars and restaurants such as employment issues, and all those other items that come alone with running a business. Business income coverage in case, let’s say, there’s a fire and you can’t operate your business until it’s rebuilt.
Here at Philleo Agency we are very familiar with insuring bars, taverns and restaurants. If you need help with your coverage, we’re more than happy to do that for you. We’ll supply quotes and coverage recommendations for you. Give us a call here we’ll be happy to discuss your needs for any bars, restaurants or taverns that you need help with, and thanks for watching this video, and make sure you check out our videos at Philleo.com.