Serving Up Protection: Navigating Liquor Liability in the Bar and Restaurant Industry
The recent article published by Bar & Restaurant News, “Serving Up Protection: Navigating Liquor Liability in the Bar and Restaurant Industry,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses how running a restaurant or bar entails unique risks, particularly when serving alcohol. While alcohol sales can boost revenue, they also introduce significant liabilities, such as being held accountable if an intoxicated patron causes harm. Serving alcohol to minors can also lead to severe penalties, highlighting the need for liquor liability insurance. However, this insurance has challenges, such as high costs and limited coverage, especially in certain states. Businesses face rising premiums, reduced coverage options, and increasing legal risks. Alternative insurance solutions, like captive insurance, offer customized risk management, potentially lowering costs and improving safety measures.