Liquor Liability Insurance in Florida - How Much is it?

If your business involves selling, serving, or manufacturing liquor or alcoholic beverages, then you need a liquor liability insurance coverage so that you can protect your assets as well as yourself in case of a lawsuit or claim. Purchasing a separate insurance liquor liability policy is needed as liquor-related liabilities are not part of a general liability insurance coverage, which means that you are not protected from unexpected situations that can lead to your business’s potential losses.

What does Florida liquor liability insurance include?

Florida liquor liability insurance may include covering the expenses for legal defense in the event of a lawsuit as well as employee inclusion, which provides coverage in case an employee consumes alcohol while on duty. This liquor liability insurance can also offer coverage for assault and battery claims, which relieves you of the responsibility for a drunk customer’s bad behavior or poor decision after you have served them liquor. You may also include in your liability policy property damage and damages to people so you will be protected from paying for something you did not damage.

Who Needs Florida Liquor Liability Insurance?

When your business is a restaurant, a bar, a tavern or a nightclub, or if you own a liquor store or a convenience store, and if you are involved in events or weddings, or a Gentlemen’s club, then you certainly need liquor liability insurance that best matches the needs of your business to get the right protection in case something uneventful happens.

What if you’re not sure what type of liquor host liability insurance to get?

In that case, it may be best to talk to a liability insurance agent, so they can guide you about what Florida liquor liability insurance works well for your business. This way, you also save time and money, and you can have some confidence that your place is safe from claims and lawsuits.

A liability insurance agent can give you a liquor liability insurance quote and let you have the right price to fit your budget. Having liquor liability insurance is a type of business insurance that can cover your cost against damages or losses when claims are filed due to an intoxicated person’s behavior that you sold some liquor to. It is essential to know that coverage for this host liquor liability insurance does not include selling alcohol to minors or selling alcohol against the law.

Serving liquor at an establishment always comes with many risks because there is a big chance that someone will get intoxicated, and the result is never good. When your drunk customer does some wrong actions or if something terrible happens to them, you can be held liable, which is why purchasing a liquor liability insurance is highly necessary if your business involves alcohol. To reduce the risk of liability, business owners that deal with alcohol need liquor liability insurance to get some protection, which costs a minimum of around $37 per month or higher depending on your liability policy coverage.

Even if you have general liability insurance, you still need to get a host liquor liability insurance if your business has exposure to alcohol, such as selling, distributing, or manufacturing alcoholic beverages, because it is not part of a commercial general’s coverage liability policy. When you get a separate liquor liability insurance coverage, it will include property damage and bodily injury, so you get protection if a particular situation occurs due to an intoxicated client’s actions.

When you have liquor liability insurance in Florida, the insurance company is obliged to pay the amount you are obligated to pay due to the damages made by someone you sold the liquor to and has resulted in an injury or damage.

How to Minimize the Risk for Claims

Having a liquor liability policy does not mean that doing an off-site service is also covered. If you are working off-site, you would also need a catering coverage. Being in a liquor business is not easy. It is more complicated than the regular business insurance of a restaurant because it is essential not to miss a single detail or overlook an essential coverage.

38 states in the US have different regulations for businesses that involve alcohol. It is known as the Dram Shop Laws, which means sellers are liable to other people who get injured by their intoxicated customers. Though you have a liability policy in Florida, there are ways to reduce the risk for claims, such as telling your staff to stop serving liquor to those who are already intoxicated and by demanding them to strictly measure the mixed drinks. To avoid customer injury or accidents, remind them to take a cab instead or have a designated driver if they get drunk, and you can always command for a safe liquor serving practice.

When your business serves alcoholic beverages, you are exposed to liquor liability.

Even if you already have a general liability policy, you still need to get a liquor liability coverage for added security and protection. Get an insurance quote from an experienced insurance agent so you can have the right liquor liability coverage for the price that suits your budget.

Apart from this type of insurance, you may also consider other policies to protect your assets, such as a stop-gap liability, employment-related practices, environmental impairment, leasehold interest, real property legal liability, etc. And you may also add other coverages like breakdown of equipment, employee benefits, umbrella insurance policy, workers compensation insurance, hired and non- owned auto insurance, etc. The add- ons will depend on your company’s needs and budget.

Before starting your business operations in this state, there are some essential things that you first need to learn about and understand, such as their rules and regulations, as well as their economic status. You need to know about these things to save you from legal hassles.

What are Covered By Florida Tow Truck Insurance?

The law requires commercial auto and tow truck owners and operators to have minimum liability coverage. As the company owner, you carry the responsibility for the safety of those working for you. You must ensure that they are protected. As much as possible, you should pursue other types of insurance for tow trucks coverage beyond the minimum required to protect your business and personnel against claims. 

You can ask for referrals to find a reliable and knowledgeable insurance agent you can work with. They must be able to explain to you the refinements of a Florida tow truck insurance policy especially those that your particular situation will need. Remember that owners can be held responsible if the company is the cause of physical damage or accident if the car you’ve towed is damaged, and for other instances. 

Your tow truck instance policy should have these specifics:

  • Liability Insurance – it provides coverage for bodily injury or property damage caused by your company to others. You need somewhere from $25,000 to $50,000 coverage in Florida to include pay legal fees which you may also be involved in the claims. 
  • Medical Payment Coverage – if your personnel or you are injured at work, this will cover the medical bills accrued. It is an important Florida tow truck insurance coverage. 
  • Physical Damage Coverage – This coverage is for truck damages. It doesn’t matter who is at fault, with this type of coverage, damages on your vehicle will be covered under this. 
  • Comprehensive Policies – it would also help if you have a comprehensive policy that will provide insurance for other damages not resulting from collisions. It may include events such as fires, natural disasters, or vandalism. 
  • Uninsured and underinsured motorist protection – not everyone is a responsible motorist. Get your company and your personnel protected against other motorists who are not insured or underinsured. 
  • Garage service protection – this type of coverage handles losses due to collisions, theft, fire, or vandalism in a covered garage location. 
  • On-hook insurance – this towing insurance is essential for any tow truck company. In case a vehicle that gets damaged while you are towing it, this will provide coverage for it.  

Depending on the policy or tow truck insurance quotes you choose, the amount of coverage that your Florida towing insurance provides also varies. It will also take into account the deductible amount in relation to your insurance policy. It is crucial that you evaluate the risk surrounding your business, your risk tolerance, and your capacity to pay for damages when choosing a policy for your business. 

Costs of Florida Tow Truck Insurance 

Considering the expenditures and the limited cash flow of your towing business, can you still afford a Florida tow truck insurance? It is not the question that you ask yourself as the owner, rather, you should ask if you can afford to not get such valuable coverage for your business. Before you say it’s too expensive or you cannot afford it, you should first have your trucks, driving records, and your employees evaluated. Your area of operation, type of operation, and your business location are also factors in determining the costs of your insurance premiums.   

How to Find the Best Rates on Tow Truck Insurance Florida

There are thousands of insurance companies offering various tow truck insurance Florida in varying coverage. You can compare rates with several companies to determine which has the most suitable towing insurance plans for your business. Connect with a reliable agent to plan out the coverage essential for you and what your business needs to mitigate all the risks.  

Understanding Commercial Towing Insurance Florida Requirements

Starting a business in Florida does have a lot of gains and advantages. The state is ripe with opportunities and there is a market for almost all types of industries. The economy in this part of the country continuously booms at any time of the year. It is one of the reasons why many businessmen are interested in operating a small business in any of its cities. But before you pursue this endeavor, you must first understand the unique economic and commercial set up in this place. You might be surprised to know that there are some  

If you are thinking about starting up a business in the state of Florida, it’s important to understand the economic standing of the state before you set up shop. Furthermore, you should understand the rules and regulations regarding Florida tow truck insurance quotes and policies. Likewise, understanding the requirements and economic data itself can further help you decide whether it is best for you to start your commercial auto business here.

Tow truck insurance Florida and all other commercial truck insurance needs in the state are regulated by the Florida Office of Insurance Regulation. A worker’s compensation coverage is one of the mandated insurance that they impose on organizations with employees working hourly or salaried workers. On the other hand, those with less than three employees are not required legally to have it. 

Wrap Up

All kinds of businesses in Florida are required in some way to secure their properties and employees through commercial insurance. Tow truck companies face many risks in their daily operation thus it is only right to have the best possible coverage for the equipment, employee as well as third party liabilities. Browse through thousands of tow truck insurance quotes to find the best towing coverage for your business. Make sure that your insurance coverage is enough to protect your company from any eventualities, lawsuits, or claims. Consult with your insurance agent on the best tow truck insurance for your situation and your business. Your agent should be able to explain to you all the ins-and-outs of truck insurance quotes before you decide to pursue their offers.