Liquor Liability Insurance in New York
Liability is a significant concern for any New York business that sells or serves alcoholic beverages. If an intoxicated patron is involved in an incident that results in injuries — slipping and falling, a drunk driving accident or a physical altercation are just a few examples — you and your business could be deemed legally responsible. An adverse judgment due to a lawsuit could force you to pay a substantial sum of money to an injured party, and possibly bankrupt your business.
Protect Your Business With a Liquor Liability Policy From Kokkoris Insurance Services
Liquor liability insurance coverage is essential for any New York business that sells, serves or assists patrons in the purchase of alcoholic beverages. Astoria-based Kokkoris Insurance Services can provide a cost-effective plan that will protect your business and give you peace of mind. You can purchase liquor liability insurance as a stand-alone policy or as part of a comprehensive general liability package. We'll help you determine the best insurance program for your unique situation.
What Does Liquor Liability Insurance Cover?
A liquor liability policy covers the financial losses you could incur due to a successful lawsuit against your business. In one typical example, the plan will provide compensation to the family members of a victim of vehicular manslaughter committed by an intoxicated patron after leaving your establishment. The policy will cover any resulting civil or criminal damages for which you're held legally responsible, as well as fines, court costs, attorney fees and litigation expenses.
What Doesn't a Liquor Liability Policy Cover?
A common scenario where your liquor liability coverage will not apply involves the selling of alcohol to minors. Since it's illegal for anyone under the age of 21 to purchase or consume alcohol in New York State, it's also against the law for businesses to provide it to underage individuals. An incident involving a minor who bought or drank alcohol at your establishment won't be covered and will likely void your policy.
Who Needs Liquor Liability Insurance in New York?
Generally, any business that offers alcohol for sale or consumption should consider taking out a liquor liability policy. Examples include bars, taverns, nightclubs, restaurants and liquor stores. Also, event venues that sell alcohol, such as sports arenas and concert halls, should carry the coverage. While purchasing liquor liability insurance isn't necessary to obtain a liquor license in New York, a lender may require it as a condition for securing financing for your business.
Why Choose Kokkoris Insurance Services as Your Liquor Liability Coverage Provider?
Kokkoris Insurance Services has been proudly serving the insurance needs of the New York business community for more than 25 years. We're known for our superior pricing, as well as the excellent service and support delivered by our team of experienced commercial insurance professionals. Whether you're in the market for a liquor liability policy for a new business or looking to upgrade your existing coverage, we'll provide the ideal plan for your needs and budget.
Contact us to receive a no-obligation liquor liability coverage quote today.
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