Bar Insurance in Massachusetts

What is Bar Insurance?

Running a bar in Massachusetts requires a sizeable investment, and that investment should be protected when it’s possible to do so. One way bar owners can protect their investment is by purchasing bar insurance.

Bar insurance is specialized commercial insurance for bars and similar businesses. Because these businesses typically need multiple coverages, most bar policies are underwritten as package policies that contain several coverages within them. Bar owners often can choose the adjust these included coverages to suit their bar’s situation.

What Massachusetts Businesses Should Have Tavern Insurance?

The majority of bars and taverns in Massachusetts probably ought to have tavern insurance in place. Liquor liability coverage is generally required to obtain a liquor license, and other coverages provide important protections. Without insurance, an establishment can be exposed to major financial risks.

What Protections Do Tavern Insurance Policies Come With?

The exact coverages in tavern insurance policies can vary, but most offer a variety of property and liability protections. Property protections primarily insure a business’ assets, while liability protections are mainly to protect in situations where a business might be responsible for injury to others or damage to their property.

Some of the more frequently offered property protections are:

Building Coverage, which may cover a tavern’s owned building

Tenants Betterment Coverage, which may cover tenant-made improvements to leased space

Contents Coverage, which may cover furniture, smallware and equipment

Food Contamination Coverage, which may cover food against disaster-caused spoilage

Equipment Breakdown Coverage, which may cover essential equipment if it malfunctions

Business Income Coverage, which may provide supplemental payments following a disaster

Some of the more frequently offered liability protections are:

General Liability Coverage, which might cover basic “slip and fall” accidents and select lawsuits

Assault and Battery Coverage, which might cover lawsuits arising from assault allegations

Liquor Liability Coverage, which might cover lawsuits arising from alcohol-induced incidents

Product Liability Coverage, which might cover illnesses caused by contaminated food that’s served

Cyber Liability Coverage, which might cover data breaches that compromise customers’ personal information

Commercial Umbrella Liability Coverage, which might provide a secondary level of liability protection

An experienced insurance agent can help bars and taverns sort through all of the coverage options that a policy offers.

How Much Do Bar Policies Cost?

Premiums for bar policies vary, because the rates are based on a multitude of factors. Insurance companies frequently look at an establishment’s location, square footage, beverages served, customer count and claims history, among other factors, when calculating rates.

Even with variance in policy premiums, however, bar policies tend to be affordable. Their premiums are almost certainly less than what a major claim could cost if an establishment is uninsured.

Where Can Bars and Taverns in Massachusetts Get Bar Insurance?

For help insuring an establishment that’s located in Massachusetts, get in touch with the independent insurance agents of Garrity Insurance. Our agents can show you bar insurance policy options from many insurance companies in the state, and we have the expertise necessary to help you select the best one for your business.