Liability and business Insurance for liquor stores
If you operate a liquor store you may have come to the SMART place for affordable and suitable business insurance cover.
Wherever you are in Australia you face risks by selling alcohol and by members of the public entering your liquor store.
While everyone that walks in the door of your liquor store is a potential customer, on the flip side, they are a potential insurance risk.
Also, even once your customers have left your liquor store with their alcohol purchase, you may be responsible if things go wrong. As you may be aware, when alcohol is involved the risks are greater.
Liquor Store Insurance – what can it cover?*
Liquor store business insurance may be able to cover all or some of the risks below. For more information on what it can cover , requirements and costs please TALK to one of our helpful business insurance brokers on 1300 542 573.
- Public Liability – a bottle of alcohol is spilt resulting in injuries from glass breakage or slips and falls.
- Product Liability – eg: product or service does not perform to reasonable expectations resulting in damages, or unwanted objects in alcohol, alcohol poisoning.
- Business Equipment
- Fire and Perils – eg: fire arising from flammable products in stock
- Crime – eg: cash and alcohol
- Business Interruption – eg: profit associated with location in the event you are forced to close your liquor store for an extended period.
- Equipment Breakdown – eg: refrigerator breaking down resulting in loss of stock.
- Commercial property insurance - protection for your store property, stock, fixtures and more
- Cyber insurance - eg .Hacking of payment facilities or online store
- Business insurance pack - combine covers such as glass, money, theft and more for your bottle shop.
How much does Liquor Store Insurance Cost ?
Our helpful business insurance brokers can help you find suitable cost effective insurance for your bottle shop or wine store.
Depending on a number of factors such as where your business premises are located , the value of the property insured, the level of security, the size of your liquor store , the covers taken and your claims history certain insurance companies may offer better terms.
TALK to a SMART Insurance broker on 1300 542 573 for Liquor store insurance costs and quotes or email us at firstname.lastname@example.org.
Some of the main risks for Liquor Stores
Today , more than ever risk management is important for independent Liquor Store business owners. With serious competition coming from both the major shopping chains into the local bottle and wine shop market it’s important to think about ways to minimize the risks that could cause serious problems for your business.
While it is not possible to insure against all the risks your business faces there are a number of key risks that you can obtain protection for if things go wrong.
Some of main risks for independent liquor stores that you can take out a form of business insurance are :
Slippery floors, rainy days and even fallen alcohol in the aisles could lead to thousands of dollars of damages for your liquor store if a customer slips and falls.
Help reduce the impact of damages from customer injury with public liability insurance.
Your liquor store credit card processing system is a target for hackers as is your online store if you have one. If you are hacked and incur a data breach you may incur significant tech bills, be open to be sued by frustrated customers, and may be subject to thousands of dollars in government fines.
Help reduce the impact of damages from data hacking with cyber insurance.
Theft of alcohol
Theft, and the threat of theft is very much an unwanted part of life for liquor stores. While theft may costs retailer a small percentage of their sales it can wipe away a much larger percentage of your profit.
Help reduce the impact of theft by taking the theft cover option as part of your combined business insurance pack.
Loss or Damage to stock
A major storm, power outage or even small fire could leave your liquor store with costly damaged or almost worthless stock..
Help reduce the loss or damage to stock by taking the stock cover option as part of your combined business insurance pack.
Smart Business Insurance pro tip: What is the most amount of stock you have at any one time? Cover this amount. It’s often at peak times business that major accidents occur.
Liquor store business insurance broker
Our helpful small business insurance brokers can help you find suitable cost effective insurance for your liquor store.
Depending on a number factors certain insurance companies may offer better terms.
Liquor store business insurance quotes
Where possible our friendly insurance brokers will obtain multiple quotes on suitable insurance policies for your liquor store from leading insurance companies such as Vero, QBE, Zurich and AIG or obtain a competitive quote from a specialist underwriter.
For more information on liquor store business insurance requirements, including what business interruption insurance can cover, TALK to a SMART Insurance broker on 1300 542 573 for SMART insurance cover for your liquor store.
1300 542 573
TALK to a SMART Business Insurance adviser
Monday – Friday 8.45 am - 6.00 pm AEST