Liquor Liability Insurance Cost
Learn the cost of liquor liability insurance, the factors that go into the price, and how your business can save money on coverage.
How Much Does Liquor Liability Insurance Cost?
The cost of liquor liability insurance starts at $425/year for annual coverage and $275/event for three-day coverage. On average, our customers pay $690 per year for an annual policy and $321 for an event policy.
How Much Does Host Liquor Liability Insurance Cost?
Host liquor liability insurance starts at $175 per event for three-day coverage.
How Much Does Liquor Liability Insurance for Events Cost?
You can purchase three-day liquor liability event insurance starting at $275. Even if your event is only one day long, our three-day policy ensures you will be protected during the setup and teardown days before and after the event—something many other providers don’t offer.
How Much Does Liquor Liability Insurance for Weddings Cost?
How Much Does Liquor Liability Cost for Food Businesses?
You can buy an annual liquor liability policy for caterers starting at $35.42/month or a three-day event policy starting at $275.
Factors That Influence the Cost of Your Policy and Premium
These different considerations may affect the price of your specific insurance policy.
The Coverage Limits You Include
Personalizing your policy by increasing your liability coverages to better fit the needs of your business can affect the cost of your liquor liability policy. Higher limits mean a higher price, but your business is protected the way you want. At the end of the day, you are paying for the coverages you need.
The Additional Coverages You Include
Adding additional coverages like cyber liability insurance and assault and battery to create a more personalized policy can increase the cost of your policy.
The State You Operate In
42 states and the District of Columbia have dram shop laws, which can impact your overall policy price.
The Size of Your Business
Businesses that make more money in liquor sales typically operate at higher volumes, which will mean higher premiums. Depending on how often your business serves liquor, you may want to consider selecting higher limits for your coverage.
Getting the Right Coverage for Your Business Type
Different liquor businesses may need unique coverages. This can lead to varying costs for each liquor business.
For example, a mobile bartender may need an annual policy because they regularly attend events where they serve alcohol throughout the year.
A wedding caterer, on the other hand, may only serve alcohol at one or two events throughout the year, so an event policy is a better fit for them because they only need liquor liability coverage for those specific occasions.
The type of business you run, how often you serve alcohol, and your business model can impact the cost of your liquor liability insurance.
How to Save Money on Liquor Liability Insurance
Bundle, Pay Premium Upfront, Manage Risks
Bundle
Save on your liquor liability insurance premium by bundling your General Liability insurance with your Liquor Liability insurance.
Pay Upfront Annually
You won’t have to pay an installment fee when opting for annual versus monthly payments.
Risk Management
Decrease your liability risks by taking these precautions. It’s important to note that not taking the following precautions can also make you ineligible for coverage.
- Getting proper training for yourself and all employees
- Having enforced written policies for all employees regarding serving alcohol
- Not serving minors
- Being careful not to over-serve
- Having a valid liquor license and following local ordinances and laws related to selling liquor
What Does Liquor Liability Insurance Cover?
Liquor Liability insurance covers the costs of liquor-related claims, such as slip and fall, property damage, and more.
Liquor Liability insurance can protect you from the expensive costs associated with these claims, including attorney fees, medical fees, property replacement or repair costs, etc.
You can protect your business with limits up to $2,000,000 aggregate. In addition to liquor liability insurance, you can add General Liability insurance, Cyber Liability insurance, and assault and battery.
Does Insurance Canopy Offer a One-Day Liquor Liability Insurance Policy?
Insurance Canopy’s event policy offers three full days of coverage, whereas some insurance companies offer only one. This provides you a before and after buffer day so your business is protected during setup and tear-down!
