When you also have equipment or operate from a store
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
Business Owners Policy (BOP) combines Commercial Property and General Liability into one package to help with cost savings. These are a bundled plan excellent for small to mid-size businesses as it saves money compared to buying it individually. Additional policies, like Cyber Liability or Business Interruption, can be added to help tailor the coverage for your business needs.
Your business is legally responsible for employee safety at the workplace. That is why you need Workers' Compensation insurance, to cover the injuries that happen at work. The insurance covers for the medical care when employees are injured. It can also cover employees income until they can return to work. In exchange, employees relinquish the right to sue you for employer negligence.
Crime insurance offers a variety of protection against business-related crimes. It protects your business against employee dishonesty, money or securities theft, burglary or robbery and other crime-related losses that are not usually covered by your Commercial Property insurance.
When the liquor you sold is proven to have caused someone to suffer personal injury, Product Liability insurance can help. This insurance will protect against claims of property damage or personal injury from the products you sold or supplied. It is designed to protect your business so when it happens, you don’t have to pay for legal and court fees.
This industry consists of businesses such as beer stores, duty-free liquor shops, liquor stores, and wine shops.
Your business has its unique set of risks that could cost you all of your business assets trying to fix. For example, a slip-and-fall claim could cost you thousands of dollars for the attorney and court fees, not to mention the damages to be paid if the court decision isn’t in your favor. You can protect your finances by just paying a monthly insurance fee so the attorney, court fees and other covered costs would be paid should your business get sued.
Your business has a unique set of risks. Below are some of these:
The cost of insurance for liquor stores will be unique to your business as insurance companies identify the cost by the number of employees you have, the size of your business and the coverage needed. Without taking these into account, below are the average cost of insurance policies for liquor stores:
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