Do I Need Club Insurance?
Do I Need Club Insurance?
If you own a club and have you been asking yourself if you need an insurance plan, the answer is yes. You certainly do need to have some sort of club insurance plan to cover anything that may happen. There are a number of reasons for this, ranging from liability to investment. You want to protect yourself from lawsuits, also from losing the building that you have purchased and your source of income. You should definitely not go without insurance, as you will then be open to losing everything if one negative situation arises. You have to assume that something will go wrong eventually in a club where people are drinking, so it is best to be prepared.
The first type of insurance you should have is liability insurance. While it is true that you will not be liable for everything that happens in the club since you cannot be responsible for people's actions when they have had too much to drink, there are plenty of things that you will be liable for. If someone is injured or even killed in the club, the odds are high that the person or their family will try to blame you for it. You need liability insurance just in case it is ruled that the incident was your fault.
The next type of club insurance that you need to have is property insurance. This will pay if your property is damaged or destroyed. The odds are high that this will not happen if you have a trained staff in the building at all times, but you can never be sure. A fire could break out in the kitchen and move to the rest of the building. A drunken patron could decide to fight someone else and cause a lot of damage. You want to have a policy in place to get your club open again as soon as possible.
Finally, you will also want to have slip and fall insurance. People will be walking by your club in the winter, and it is your responsibility to make sure that the walkway is safe. If someone falls and gets hurt, this could come back to you. This can even happen inside the club if your janitor forgets to set out a wet floor sign or if a cart of drinks is spilled on the dance floor.Club insurance is so important because the club is your source of income. It is your business that you have put a lot of time and money into. You do not want to see this all taken away because you cannot afford to pay to fix damages or pay off a lawsuit; having insurance will make sure that your club stays open.
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