In order to understand business liability insurance, one must first be familiar with liability insurance in general. Liability insurance protects companies from unforeseen legal proceedings and similar claims. For example, general liability insurance (sometimes referred to as commercial general liability insurance) can cover the cost of things like:
- property damage of the customer. An example could be your employee accidentally starting a fire in a building you work in, resulting in costly smoke clean-up and building repairs.
- Personal injury to non-employees. For example, if a customer suffers a head injury from a fall at your place of business, general liability insurance can cover their medical, legal, and damages expenses.
- product liability. If products your company develops or sells injure people or damage property, this coverage may cover legal costs associated with legal proceedings. It can also cover medical expenses if an injury occurs.
- Slander, Slander and Copyright Infringement. This coverage can pay for legal costs related to so-called advertising violations — incidents where you are accused of saying negative things about another company in your ads or stealing an ad idea.
The above coverages are usually standard in general liability insurance. Insurance policies can also contain so-called endorsements, add-ons or tabs. These additional provisions modify or extend the basic insurance policy.
So what is an alcohol liability surcharge specifically? It may cover liability in connection with the sale, issue or provision of goods
alcoholic drinks.
Who needs a supplement to business liability for their commercial business liability insurance?
Any business that sells alcoholic beverages in one way or another should be protected by alcohol liability insurance
addition to his Business liability insurance or other policy.
And the size of the company doesn’t matter. Even a small restaurant or neighborhood…
