Why should liquor licensees be interested in purchasing, commercial property, general liability, liquor liability and excess coverage insurance?

Businesses are being sued for millions.
Massachusetts businesses are being sued for millions. One verdict in Boston topped $40 million, while two awards in Worcester each topped $20 million.

Coverage is affordable.
The cost of liquor liability insurance is relatively low. Today, many businesses can obtain liquor liability protection for less per day than the cost of a single alcoholic drink. Yet the cost of not having liquor liability coverage can be enormous.

Premiums for general liability and excess coverage are also reasonable.

Hospitality Mutual offers comprehensive coverage.
Hospitality Mutual offers comprehensive coverage of up to $1 million per person/$1 million per occurrence and $2 million aggregate ($1 million/$1 million/$2 million) for liquor liability. Excess coverage can provide up to $3 million in additional coverage, increasing your total limit to $4 million.

Hospitality Mutual also offers:

• Commercial property coverage for buildings, personal property, inventory and loss of income.
• Property Enhancement endorsement
• Comprehensive general liability coverage with limits of $1 million per occurrence; $2 million aggregate, with no deductibles.
• Liquor Liability coverage of up to $1 million per person; $1 million per occurrence; $2 million aggregate.
• Excess coverage, providing an additional $3 million in limits over liquor and general liability coverage.
• Assault and battery coverage for liquor and non liquor related incidents
• Expanded property damage coverage
• A 10% discount for clients if 100% of managers and 75% of servers participate in an approved alcohol-training program. For a listing of approved programs, click here.
  
• A 50% discount for assault and battery coverage if 100% of managers and 75% of servers participate in an approved security training program. For a listing of approved programs, click here.
• A 10% discount for establishments that close by 8 p.m.

The truth is, there's no excuse for not having the proper coverage. For additional details, contact your insurance agent, or Hospitality Mutual at shaley@hmic.com, 877-366-1140 or 508-366-1140.