Bar Insurance Illinois
Bars, taverns, and night clubs usually attract many people and are some of the businesses that contain risks for everyone involved including employees, guests, facility and neighbors. Securing bar insurance Illinois coverage is therefore paramount to successful risk management. This insurance will basically protect the bar in case of fire, water damage and other forms of structural or fixture destructions. It also covers employee, guests, neighboring businesses and third parties lawsuits as well as theft. There are many bar insurance Illinois companies offering various policies. It is important to choose keenly to ensure that coverage you need is provided. You should also upgrade your coverages from time to time to accommodate any new risks.
Lawsuits and Insurance protection Bar Insurance Illinois Provides
Having bar insurance protects you and your business from a variety of lawsuits. However, this depends on the type of coverage you choose. Some of the lawsuits include claims from a guest, employees or third parties.
Here are some of the coverages and lawsuits they protect
- Liquor liability policy – Lawsuits can be filed for injuries or damages that resulted from over-serving alcohol to a guest. Injuries or deaths caused by serving alcohol to a minor and any third party damages resulting from the same will also lead to prosecution. A liquor liability policy is usually the insurance plan that covers such damages and protects a business from lawsuits regarding the same. The insurance should include a high deductible cost and defense cost. There should also be damage definition that covers non-physical injuries like stress or other forms of psychological defects. You should include employees as patrons to protect them in case they consume alcohol and cause injuries or damages. It is therefore necessary to choose an experienced bar insurance Illinois firm who is conversant with the laws of that state.
- Commercial general liability – Assault and battery is another lawsuit that can be filed against bars and restaurants if the guest feels the bouncers were too arrogant and man handled them. Most of the bar claims involve fights where customers feel they were assaulted by employees or another guest. A CGL (commercial general liability) is used to protect the business from such lawsuits.
- Employment practices liability – This cover protects a business from lawsuits filed by employees about anything in the range of harassment, discrimination, complaints and wrongful work termination among related cases.
Other Bar Insurance Illinois Coverages that are Important to Secure
There are some covers that do not protect the business from lawsuits but come in handy in case of accidents and damages to the facility. Property insurance for example covers various costs including rebuilding, refurbishing, redecoration, removal and disposal of damaged goods among others. The business income insurance covers net income lost during the time your business was interrupted. It can also cover continuing expenses while you recover. The commercial crime insurance covers instances of employee theft and armed robbery among other exposures.
The bar insurance Illinois plans should be revisited and upgraded regularly to include all the risks involved. Any amendment to statutory laws and insurance policies must be assessed to make necessary adjustments in your cover. The more covers you have, the safer your business is from lawsuits and damages. You should contact a restaurant and bar insurance Illinois located company as they understand the laws and claims made in the area.