Ontario Liquor Liability Insurance
Do you need Liquor Liability Insurance?
Serving alcohol at a special event or owning a business that serves alcohol always involves an element of risk. Liquor liability insurance protects your company against loss or damages claimed as the result of a patron of your business becoming intoxicated and injuring themselves or others. If your business manufactures, sells, serves, or facilitates the use or purchase of alcohol, then you need liquor liability insurance coverage.
Ontario Liquor Liability 101
There has always been a great deal of confusion about the need for liquor liability – even among insurance professionals. Liquor liability laws vary greatly by state, and insurance policy coverage options are often confusing. Here is some basic information on the subject:
- Liquor Legal Liability: provides coverage for bodily injury or property damage for which you may become legally liable as the result of contributing to a person’s intoxication. This coverage is provided by a separate policy and will only cover establishments ‘in the business of’ manufacturing, selling, distributing, or serving alcoholic beverages for a charge. This exposure is not covered under a general liability policy.
- Host Liquor Liability Insurance Policies: cover special events for businesses that elect to serve alcohol to their employees, prospects, and customers. This type of liability insurance is also needed by people and businesses serving or providing alcoholic beverages to customers, guests, or employees
- Your Commercial General Liability policy is what will respond to the above but you want to make sure of 2 things:
- You have declared your operations to include the serving of alcohol to your insurer.
- You have reviewed all exclusions or limitations that came with your policy.
How can Multi Risk Insurance Brokers and Financial Group Inc help?
Court decisions coupled with new state statutes are holding vendors of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet – if not dwindling – market around the country.
Multi Risk Insurance Brokers and Financial Group Inc makes your liquor liability insurance process as simple as possible. Our expert agents will shop the market for you and get the best possible coverage and competitive premiums. Also, our commercial specialist has worked as an underwriter in one of the leading markets for hospitality business. We pride ourselves on taking care of our clients and their interests.
Get your quote today!
What are you waiting for? Contact us today for a free, no-obligation liquor liability insurance quote. The sooner we receive your information, the sooner we will get you the best protection for your alcohol-serving situation. So don’t delay another minute.