In a state where dram shop laws are taken seriously, getting liquor store insurance in Minnesota is a great idea. A single case involving an intoxicated customer could leave your business facing significant legal and financial consequences. This is where Insuring Minnesota can assist liquor store owners across Minnesota to stay prepared, compliant, and confidently covered with insurance.
What is Liquor Store Insurance?
Liquor store insurance is an exclusive package of policies that is based on the specific requirements of a business that sells alcoholic beverages. In Minnesota, there are strict dram shop laws that go beyond the general liability insurance. For instance, a liquor store can also be held responsible after a customer has caused any harm after consuming alcohol from the store.
This insurance is usually bundled with liquor liability, general liability, property, and other optional coverages to ensure your business is protected against all instances of injuries, loss of inventory, and other potential risks. Without this kind of protection, you may be paying for lawsuits out of pocket or footing the cost of repairs. You surely wouldn’t want to take the chances on this!
Thus, you can get your quote by filling out a form online or calling us directly at 952-222-8037. Our professional assistants will attend to your call and understand all your needs.
Types of Coverage You Should Know About When Purchasing Liquor Store Insurance
1. Liquor Liability Insurance
It particularly covers you if a customer that you have sold alcohol to injures themselves or another person. For example, when a customer is involved in an accident that involves drink &drive after buying various liquor in your shop, then you are likely to be found guilty. In case of such encounters, having liquor liability insurance will help assure you that there is no financial liability on your part.
2. General Liability Insurance
Being a retailer comes with everyday risks such as slips, cuts, or misplaced signage. General liability insurance refers to the third-party bodily injury or property damage that happens on your property. So, in case a customer falls in front of the beer cooler and makes a claim for medical care, this policy covers the medical expenses and possible legal charges.
3. Property Insurance
Not only is your inventory expensive, but there is probably shelving and a refrigeration system in your space as well. Property insurance is a coverage of the expenses incurred in damage or loss due to occurrences such as fire, vandalism, or theft. In case a power cut or break causes spoilage of your elite wine collection, this insurance comes to your rescue.
4. Business Interruption Insurance
Business interruption insurance aids in replacing lost income when there is a need to close down temporarily due to unexpected events. Let’s say your store suffers smoke damage from a nearby fire; this policy can help you pay rent, salaries, and bills while you get back on your feet.
5. Workers’ Compensation Insurance
Whether you have employees who manage inventory, refill the shelves, or use machines, you need to have workers’ compensation. It covers injuries incurred by the employee during work. The coverage assists with medical expenses, wage replacement, and protects against employee lawsuits against the store.
6. Cyber Liability Insurance
Even the real-life liquor shops are going online. Do you accept card payments or maintain customer data? Well, then you bear cyber risks. The policy will reimburse expenses associated with data breaches, hacks, or ransomware attacks, ensuring your business remains safe in an online society.
from Why Choose Liquor Store Insurance in Minnesota from Insuring Minnesota?
With so many moving parties and state regulations, working with a knowledgeable agency makes all the difference. That is where Insuring Minnesota comes into action. Based in the State of Minnesota, we specialize in crafting liquor store insurance policies designed to meet the needs of your particular risk profile. Additionally, it also aligns with a premium that fits your situation.
We work with several top-rated insurance carriers, which gives you options, competitive rates, and flexibility. Whether it is a small-town store or a big-box retailer, we understand the local market and respond quickly without any delay. Moreover, we handle the majority of paperwork involved in obtaining liquor store insurance in Minnesota. So, you can focus on growing your business without worrying about compliance delays.
Do you know that we write all types of commercial insurance, and not just liquor store insurance?
Cities of Minnesota Where We Offer Liquor Store Insurance
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What are the licensing requirements in Minnesota for a Liquor Store?
Minnesota Department of Revenue – Licensing Information
How to Book Your Liquor Store Insurance
Option 1: Complete Our Online Quick Quote Form
It takes just a few minutes to fill out, and once submitted, our experts will begin tailoring your liquor store policy. We simplify the process, cutting through the noise and getting straight to what matters.
Option 2: Call Us Today
Want to speak directly with someone who gets it? Reach out to our Minnesota-based team at Insuring Minnesota. We will guide you through the process, answer your questions, and provide you with all the facts about what you are buying and what you’re not.
Get Your Free Quote Now
Don’t wait for a claim to realize the importance of proper protection. Secure your Liquor Store Insurance in Minnesota today with Insuring Minnesota. Fill out our online form or call 952-222-8073 now, and let us handle the coverage while you focus on your customers.
