subject: Essentials Of Liquor Liability Insurance [print this page] Insurance covers are used to protect individuals and businesses from risks that could lead to losses as a result of unpredictable circumstances. Clients pay up a certain amount of money known as premium, in exchange to having their risks catered for. Liquor liability insurance is a cover that protects businesses against liquor related claims. Actions of drunk people and which may lead to damage and hence lawsuits are covered in this type of insurance.Such actions may include crashes caused by an intoxicated person. Many businesses are exposed to damage by drunk people, and hence the liquor liability cover is important.
Both host liquor liability and liquor legal liability protects businesses from the damages, either property or bodily that could be caused by an intoxicated person who has been served liquor at the business. However, the difference comes in depending the circumstances under which the liquor was served. The host liquor coverage protects your business against either property damage or bodily injury suits from the injured party, resulting from the actions of an intoxicated guest who was served liquor in an event you hosted. This is normally a commercial general liability cover for businesses that are not involved in selling, distributing or manufacturing liquor and other intoxicants. On the other hand , the liquor legal liability is a cover for businesses involved in providing, serving or manufacturing alcohol used to cover property damages and bodily injury legal suits as a result of contributing to someones intoxication. Such an exposure is not normally covered under a general liability cover. The two covers can be interpreted to have an interchangeable meaning depending on the circumstances at hand. Whether or whether not some fee was charged in a situation determines how the interpretation will be made.
One can take comprehensive liquor liability coverage, to protect the business from both host and legal liabilities, but this depends with the degree of exposure. You can however reduce the exposure through a variety of measures. For instance, you can hire an insured and a licensed vendor in instances when you want alcohol to be served. Businesses where drink service is offered are exposed to fewer risks compared to self-service provisions. A logical way of reducing the effects of alcohol is by serving food to intoxicated people. Food helps reduce the effects of alcohol and food sale is an extra profit to the business. You can keep people from drinking a lot by maintaining a moderate price for your drinks. People end up drinking to manageable levels to save their money.
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