If you operate a bar, it is a good idea to have alcohol liability insurance in place. In fact, some jurisdictions actually require it. From small bars to larger ones, there is always a chance that something could happen on the premises, particularly when your patrons are drinking alcohol. Someone could fall and get injured, for example, or a fight could break out. With alcohol liability insurance, you can help ensure that you are covered in these situations.
However, as you might already know, this liability insurance can be costly for many bar owners. Luckily, there are ways to keep the rates low.
Serve Beer and Wine Only
Some insurance companies offer lower rates if you serve beer and wine only versus serving liquor. Although this might get in the way of some of your business, it is a good way to control costs. Plus, you might find that you prefer running your business this way, since it can cause your operating costs to be more affordable.
Require a Membership
If you don't currently require a membership for patrons to get into your bar and drink, it is a good idea to do so if you don't live in a tourist-heavy area. Then, you can help keep better control of who enters your bar and who drinks there, which can show your insurance company that you are keeping things under control.
Hire the Right Bouncers
When hiring bouncers and other security professionals to work at your bar, you should make sure that you are hiring professionals who you can count on. Your bouncers should be screening people who come in to ensure that they are not underage and that they aren't already intoxicated when they enter the bar. Minimizing bad situations from the beginning can help prevent incidents, which can help keep your insurance rates low.
Handle Situations Promptly
If at all possible, it is best to get troublemakers or those who might be prone to get hurt out of your bar as soon as possible. If it's found that you could have put a stop to things or that you should have stopped serving an intoxicated person alcohol, you could be held liable in a host of situations. Escorting customers out of the bar who have had too much to drink can help prevent issues from happening, which can help prevent costly insurance claims -- and a subsequent increase in your insurance rates.
For more information, research policies like commercial insurance by Acumen Insurance Group Inc and inquire what else you can do to lower your liability insurance.Share