Liquor Store Insurance

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Frequently Asked Questions

Why do Liquor Stores need insurance?

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.

What risks do Liquor Stores face?

Your business has a unique set of risks. Below are some of these:

  • The liquor you sold in your store caused a customer to be sick.
  • A client visits your store and slips on a liquor spill that you are about to clean. This caused your client to suffer injuries.
  • Your employee becomes injured while preparing the crates for your liquor.

How much does Liquor Store Insurance cost?

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:

  • General Liability insurance costs around $500 in annual premiums.
  • Product Liability insurance costs $600 in annual premiums.
  • Workers' Compensation insurance costs $1200 in annual premiums.

Are You Ready to Get Covered?

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