DRAM SHOP INSURANCE
Quality ingredients are the center of your business. Insuring businesses with quality insurance is ours. Your needs as a food business owner are important to us and that is all we focus on.
*The cost of dram shop insurance may vary by state
COMPREHENSIVE COVERAGE
General liability, liquor liability, and additional policy options to cover the risks associated with running an alcohol-serving business
LIQUOR LIABILITY
FLIP offers high quality liquor liability insurance to protect your business from the financial burden of liquor liability claims
ADDITIONAL INSUREDS
Extend your coverage to any events or venues you may work at. FLIP provides unlimited additional insureds, free of cost
What Is Dram Shop Law?
According to Dram Shop Law, you can be held liable for accidents caused by individuals you served alcohol to. Dram shop laws vary by state, so while most dram shop laws focus on visually intoxicated persons, minors, and the last business to serve them alcohol, it’s important to know your specific state law.
Things We Cover
General Liability
General Liability Insurance can protect your business from third-party bodily injury and property damage claims that arise as a result of your business operation. Examples of general liability claims include “trip and fall” accidents where a customer hurts themselves or breaking an individual’s personal property
Aggregate Limit: $2,000,000
Liquor Liability
Liquor Liability Insurance can protect your business from third-party claims arising from accidents involving customers you served alcohol to, according to local dram shop law. Common liquor liability claims include bodily injury and property damage claims that occured off premises after you served them alcohol.
Aggregate Limit: $300,000
Inland Marine Coverage/ Business Personal Property
Inland Marine Insurance can protect your business from the out-of-pocket expenses that could arise if your equipment gets damaged or stolen. It covers damages and loss that occur at home, during transport, on the job, or anywhere in between.
Aggregate Limit: $10,000
Assault & Battery
Assault & Battery Insurance can protect your business from third-party bodily injury, property damage, and personal advertising injury claims that arise from assault & battery, both threatened or actual, at your business location. It can also cover claims that you failed to prevent assault & battery from occured when you should have done so.
Aggregate Limit: $25,000
Cyber Liability
Cyber Liability Insurance can protect your business from first- and third-party claims that arise from cyber security breaches. First-party claims can include the cost of repairing or replacing compromised equipment or recovering lost data. Third-party claims commonly include loss of customer data.
Aggregate Limit: $100,000
FAQ's About Dram Shop Insurance
What is Dram Shop Insurance?
Dram Shop Insurance is a liability insurance plan designed to protect business owners like you from the financial burden that can arise as a result of their alcohol-serving business. Businesses that serve or furnish alcohol have risks that, should you face a liability claim, could financially devastate your business. Dram Shop Insurance can reduce and even remove the out-of-pocket cost of claims, allowing you to continue running your business with peace of mind.
FLIP’s Dram Shop Insurance includes general and liquor liability coverage, business personal property/inland marine coverage, and additional policy options to provide you with a comprehensive coverage plan that perfectly fits your business needs.
Who Does Dram Shop Liability Insurance Protect?
Dram shop liability insurance can protect restaurant owners, bartenders, caterers, concessionaires, food trucks, or private chefs from alcohol-related claims.
What Kinds of Businesses Need Dram Shop Insurance?
In the United States, if your business serves or furnishes alcohol, you are required by law to have liquor liability insurance. Under Dram Shop, your business could be liable for accidents caused by individuals you served alcohol to, especially visibly intoxicated persons and minors. Businesses that are required to have liquor liability insurance include but are not limited to
- Bartenders
- Caterers
- Concessionaires
- Food Trucks
- Food Vendors
- Private Chefs
What Kinds of Claims Does Dram Shop Insurance cover?
FLIP’s Dram Shop Insurance plan includes general and liquor liability, as well as business personal property/inland marine coverage. General liability can protect your business from third-party bodily injury and property damage claims. Liquor liability can protect your business from the financial burden of accidents caused by your patrons, according to dram shop law. Business personal property/inland marine covers claims that arise from equipment damage or theft.
FLIP also provides extra policy options, according to the risks of your business and your individual needs. Additional policy options include extra general or liquor liability limits, professional liability, assault & battery coverage, and cyber liability insurance.
What are the Risks of Running an Alcohol-Serving Business?
Businesses that serve or furnish alcohol run a variety of risks every day. Some common risks that your business could be liable to pay for include customers getting in accidents or getting injured as a result of your business, inadvertently causing property damage, and damaging or losing your equipment.
Additionally, according to dram shop law, your business can also be liable for any accidents caused by individuals you served alcohol to, including third-party bodily injury claims, property damage claims, and personal advertising injury claims. FLIP’s Dram Shop Insurance plan can help protect your business from all of these risks.
Depending on your business, there are many other risks you face, such as experiencing a cyber security breach, giving poor business advice, or facing an assault & battery claim against your business. For these risks, FLIP provides additional policy options you can opt to include according to your business needs.
How Much Does Dram Shop Insurance Cost?
The cost of Dram Shop Insurance varies by state. On average, starting rates can be as low as $400 a year, or $33 per month depending on your billing preference, for an insurance plan that includes both general and liquor liability coverage.
Follow the link below to receive a more accurate quote according to your state.
Why do I need Dram Shop Insurance?
As the owner of a business that serves alcohol, you are required by law to cover your business with liquor liability insurance. On top of that, every day your business could face an insurance claim that could place a serious financial burden on your business.
Without liability insurance, if you face a claim, you may be required to cover hefty expenses out-of-pocket. Dram Shop Insurance is designed to mitigate the financial impact of claims, allowing you to continue running your business with peace of mind.
