Does my insurance cover liquor liability claims?

In New York, liquor liability laws vary from state to state. Generally speaking, liquor liability insurance is not typically included in standard business insurance policies, such as Commercial General Liability policies. However, some policies may offer some level of coverage for liquor liability claims. It is important to check with your insurance carrier to see what types of coverage and limits are available. Liquor liability insurance provides protection for your business in the event of a claim or lawsuit resulting from an individual becoming intoxicated and causing injury or property damage. Under New York State’s Dram Shop Act, businesses that serve alcohol can be held liable for damages suffered by third parties that are a direct result of an intoxicated customer. This means that if a patron becomes intoxicated on the premises and causes injury or damage to another person or property, the business could be held liable for those damages. If you are found liable in a lawsuit, liquor liability insurance can help coverage the costs of the legal fees and settlements. When selecting a policy, prospective policyholders should assess the types and amounts of coverage they need in order to ensure they are properly protected. Additional factors such as hours of operation and the type of premises being insured should also be taken into consideration. It is important to understand the risk factors associated with serving alcoholic beverages and to make sure your insurance policy can properly cover your business in the event of a liquor liability claim.

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Does my insurance cover liquor liability claims?

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