Liquor Liability Insurance, also known as Dram Shop Insurance, is the coverage for bodily injury or property damage caused by an intoxicated person.
It helps with claims regarding:
- Third-party bodily injury
- Third-party property damage
- Legal costs
- Assault and Battery
If you look at the market, Liquor Liability Insurance can be a promising niche for insurance agents.
Small businesses often skip liquor liability coverage:
- To save money, and/or
- They don’t know about it.
Many people believe only bars and clubs need liquor liability coverage, which is false. It is for any company which produces, markets, serves or promotes the use of alcohol in its facilities.
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