Tavern Insurance Georgia Policy Information
Tavern Insurance Georgia. Adult libations, tasty morsels, and maybe even live music and events; there's nothing like a local "watering hole". If you're planning on opening up a tavern, you want to make sure that you set yourself up for success.
Taverns sell alcoholic beverages by the bottle, glass or pitcher which are consumed on the premises. They are generally open late into the night. There may be a full-service restaurant or some hot, house specialties. Contrary to taverns in the past, lodging rooms are rarely available at taverns today.
The tavern may feature contests, music, or other live entertainment, or promotions such as "happy hour" with discounts available during non-peak hours. A cover charge of minimum drink purchase requirement may be imposed at peak times. Some GA taverns have small dance floors.
While choosing the perfect location, ordering and setting up the furniture, making sure that you have a nice selection of ales and spirits, hiring and training a competent staff; there are so many things that need to be done before opening day.
When you're setting up shop, there's something else that's extremely important that you don't want to overlook: insurance.
Just like any business in any industry, taverns need to be properly insured. Why and what type of policies do you need to carry? Read on to find out more about the available types of tavern insurance Georgia.
Tavern insurance Georgia protects your business from lawsuits with rates as low as $67/mo. Get a fast quote and your certificate of insurance now.
Why Do Georgia Taverns Need Insurance?
Tavern owners face many of the same risks that business owners in any other industry face; however, you face some unique risks, too. Slips and falls, theft and vandalism, and even the classic bar fight; there are so many things that can go wrong, and when they do, as the owner and operator of your tavern, you'll be responsible for the expenses that are associated with any mishaps that occur.
As you can imagine, repairing damaged property, legal defense fees, settlements, medical expenses, and various other costs that you could be held liable for can really add up. If you have to pay those expenses out of your own pocket, you could be looking at serious financial losses.
If you're insured, instead of having to pay for the costs that are related to any mishaps that might occur yourself, the company that carries your tavern insurance Georgia policies will cover the expenses for you. In other words, insurance can help to protect you from major financial devastation.
Plus, in order to legally operate, GA taverns are required to carry certain types of coverage, and if you fail to carry those policies, you could end up facing stiff penalties and there's a chance that your business could be shut down.
What Type Of Insurance Do GA Taverns Need?
In order to operate smoothly and efficiently, and to protect yourself, your staff, your customers, and anyone else who associates with your tavern, there are several types of insurance policies that you can invest in.
Some policies are mandated, while others are voluntary, yet are still a wise investment. While the type of coverage you'll need depends on where your tavern is located, the size of the facility, and what type of services you offer (among other factors), here's a look at a few examples of the basic types of tavern insurance Georgia you should invest in:
- Commercial Property: This policy protects your tavern from losses that occur as a result of physical damage to the property; damages that are caused by acts of nature, theft, or vandalism. Not only will it pay for any repairs that the physical structure of your tavern may require, but it will also help to pay for repairing or replacing any equipment and other items located within the building that may have been damaged or stolen.
- General Liability: This tavern insurance Georgia coverage will protect your tavern against claims or lawsuits that may be brought up by third parties, such as patrons or vendors. These claims or suits can include property damage or physical injuries that may be sustained on the property of your tavern. It will cover any legal defense fees, as well as any settlements or compensation that you may be liable for.
- Liquor Liability: General liability insurance won't cover claims that are filed against your business that relate to the sale of alcoholic beverages. That's why you need to have a liquor liability policy, which will cover legal fees, settlements, damages, and any other expenses that could be related to legal action taken against you that may be related to the sale of liquor.
- Workers Compensation: If your staff is injured on the job, workers' comp will cover any medical care that they may require. It will also reimburse them for any wages that your employees may lose if they are unable to work while they are recovering.
These are just some of the different types of tavern insurance Georgia policies that are needed. You can purchase individual policies; or, you might be able to invest in a package policy that bundles several different coverages together.
GA Tavern's Risks & Exposures
Premises liability exposures are high due to public access to the premises and the serving of alcoholic beverages, which can impair motor abilities and increase the likelihood of trips, slips, or falls. Spilled drinks should be cleaned up promptly. Floor coverings must be in good condition with no frayed or worn spots on carpet and no cracks or holes in flooring. Dance floors must be clean and free of debris.
Because lighting is normally subdued, any change of elevation must be carefully marked. All fire exits should be plainly visible from any part of the premises and kept unlocked from the inside during business hours. Backup lighting should be automatically activated in the event of a power outage.
Chairs, particularly bar stools, should be regularly checked for cracks and fatigue. Guests must not be permitted to climb on top of chairs, stools, bars, or tables.
Parking lots and sidewalks need to be in good repair, with snow and ice removed, and generally level and free of exposure to slip and falls. Outdoor security and lighting must be consistent with the area. Customers may carry weapons onto the premises. Employees should be trained in dealing with unruly or impaired customers to prevent violence.
Personal injury exposures include assault and battery, discrimination, and wrongful ejection due to bouncers escorting a patron out of the premises. Any bouncer activity should be documented and witnessed in case of future lawsuits.
Liquor liability exposure can be very high in states that hold bars liable for injuries resulting from alcohol consumption. The type and amount of alcohol served, and the type of clientele directly impact this exposure. Failure to comply with state and federal regulations can result in the loss of a liquor permit which will close the business.
There must be a set procedure to check ages of all who enter the establishment. All employees who serve liquor to customers must be trained in recognizing signs of intoxication.
A procedure should be in place to deny service to underage or intoxicated patrons. Programs that encourage designated drivers or offer free rideshare or taxi service can be useful.
Workers compensation exposures come from slips, falls, cuts, puncture wounds, burns, foreign objects in the eye, hearing impairment from noise, heavy and awkward lifting, and interactions with rowdy customers. Bouncers should be well trained in dealing with intoxicated or belligerent patrons.
Food and beverage handling can result in passing bacteria or viruses, resulting in illness.
While smoking is prohibited in bars in many states, others still permit this. In those states, workers can incur occupational disease from the ongoing inhalation of secondhand smoke. As with all retail businesses, hold-ups are possible, so employees should be trained to respond in a prescribed manner. Cleaning workers can develop respiratory ailments or contact dermatitis from working with chemicals.
The employees in many taverns tend to be minimum wage and turnover may be high. Company incentives to encourage long-term employment are positive signs of management control.
Property exposures are from electrical wiring, refrigeration units, cooking equipment, and heating and air conditioning systems. All wiring should be current, up to code, and well maintained. Cooking will likely be limited to microwave and toaster ovens. If there are grills and deep fat fryers, these must have automatic fire extinguishing protection, hoods, and filters.
The kitchen must be kept clean and grease free to prevent fire spread. Filters should be changed frequently. Alcoholic beverages are susceptible to damage from heat and smoke. A small fire can become a total loss if the FDA condemns stock due to potential contamination.
Where legally permitted, most taverns continue to permit customer and employee smoking. The proper disposal of cigarette butts as part of the closing procedure is vital to prevent fire from smoldering ashes or butts.
Theft is a major concern in taverns due to the attractive nature of alcoholic beverages. Liquor should be stored in areas inaccessible to customers. If food is served, spoilage can result from power outages.
Business income with extended time period coverage should be purchased. While clientele tends to be fairly loyal, they may switch to other taverns after a major loss due to the lag time between the re-opening and the return to full operations.
Equipment breakdown exposures can be high if operations are dependent on refrigeration equipment.
Crime exposures are from employee dishonesty and money and securities due to the considerable amounts of cash, alcohol, and tobacco products on the premises. Criminal background checks should be conducted on any employee handling money. Employee dishonesty normally centers on the stock rather than the money.
The sale of lottery tickets or other gambling devices presents a major temptation for employees. Taverns tend to have significant cash sales, so cash drawers should be regularly stripped and moved to a safe away from the front of the store. Irregular drops during busy evenings are helpful in preventing a large buildup of cash.
Closing time is the most vulnerable time so security procedures should be in place to prevent holdups. There must be a separation of duties between employees handling deposits and disbursements and reconciling bank statements.
Inland marine exposures include computers for tracking inventories and valuable papers and records for employee and supplier information.
Business auto exposure is generally limited to hired or non-owned from employees using their vehicles to run errands.
Tavern Insurance Georgia - The Bottom Line
To protect your business, employees and patrons, having the right tavern insurance Georgia coverage is vital. To see what types of policy options are available to you, how much coverage you should invest in and the cost - speak to a reputable commercial insurance broker.
Georgia Economic Data & Business Insurance Information
Have a great idea for a small business and want to setup shop in Georgia? If so, before you start pursuing a commercial property and hiring employees, you want to make sure that the Peach State will support your industry to ensure your success. It's also a wise idea to familiarize yourself with the rules and regulations that the state has in place for business owners, such as the regulations and limits that pertain to commercial insurance. Below, we offer invaluable information about business development in the state of Georgia so that you venture can be as successful as possible.
Business Economic Trends In The State Of Georgia
In the past few years, there has been a definite uptick in job growth in the state of Georgia; however, in recent months, it seems that growth has become stagnant. In fact, according to the Bureau of Labor Statistics, as of May 2022, the unemployment rate in Georgia was 3.8%; 0.2% higher than the national average during the same time, which was 3.6%.
Despite stagnation in job growth and the slightly higher unemployment rate compared to the national average, more people are employed in Georgia in 2022 than were just a few years ago; in fact, in recent years, job growth has been at an all-time high.
If you're thinking about starting a business in Georgia, you're in luck; according to recent research, the state is one of the most attractive among entrepreneurs in the nation. Atlanta was voted the seventh best city in the US to launch a venture. Low living costs, business-friendly laws, and a wealth of easy to access resources have all made the Peach State a prime location for those business-minded individuals.
There are several industries that offer the potential for great success in the state, including:
- Solar Energy
Commercial Insurance Regulations and Limits in GA
The Georgia Department of Insurance regulates insurance in Georgia. Like most states, Workers' compensation is also mandated in the state of Georgia; for business that employ three or more employees, you will need to carry this type of coverage.
If you use motor vehicles for business-related purposes, you'll also need to invest in commercial auto insurance coverage to protect your drivers, as well as other drivers on the road.
Additional Resources For Food Service Insurance
Learn about restaurants, bars, liquor stores commercial insurance coverages. See how small business food service insurance help protect against accidents, oversights and lawsuits resulting from business operations.
- Bagel Shop
- Beer Distributor
- Coffee Shop
- Concession Stand
- Farmers Market
- Grocery Store
- Ice Cream Shop
- Internet Cafe
- Liquor Liability
- Liquor Store
- Sandwich Shops
Bars, taverns, restaurants, cafeterias, and other eating and drinking places have significant insurance needs in three separate areas.
The first is property protection for physical damage to equipment, furnishings, building and supplies due to fire and other perils.
The second is premises liability coverage to protect customers due to slips, trips and falls on the premises, as well as for consumption of food products.
The final need is protection for employees due to frequent cuts, burns and other common employee injuries. Establishments that sell or serve liquor or other alcoholic beverages also need liquor liability coverage.
Slips and falls, along with customer illness due to being served tainted food or drink, are the primary liability exposures. The commercial general liability (CGL) is used to provide coverage for these exposures.
It is important to note that liquor liability coverage is excluded under the CGL form if a risk is in the business of serving alcoholic beverages. Many establishments in this category should therefore consider purchasing a separate liquor liability coverage form.
Restaurant kitchen equipment, inventory and dining room fixtures are common exposures for most eating and drinking places. Many of these establishments do not own the buildings they occupy but have long-term leases and have invested money in various improvements and betterments, including cooking equipment, dining room decorations and permanent fixtures.
There are major differences in the food service business and the very different exposures they present. There are many specific types of restaurants to cater to individual needs and tastes. There a several main commercial insurance classifications for food service.
Concessionaires: The most basic "eat on the run" type of restaurant is not classified as a restaurant at all but is referred to as a concessionaire. Class Code 11168: Concessionaires applies and the accompanying note states that all food and beverages must be sold through hawking or peddling. There can be no location to which customers walk up and purchase the food. This classification includes food sold at sporting events, exhibitions, and parks.
Caterers: Are very similar to restaurants with significant differences. The caterer prepares the meals at its own kitchen or commissary and then transports it to the locations where it will be served. Some final preparation may take place at the final location but the majority generally takes place at the caterer's location. The caterer's employees serve the meals and beverages and oversee the consumption of the food.
Restaurants: The way restaurants are categorized and classified uses the percentage of alcoholic beverage sales as the first criteria, followed by other features or operations.
Common to all of these categories is that entertainment-oriented venues such as nightclubs, cabarets, dance halls, discotheques, and comedy clubs must be separately classified and rated. This means that the sales that those entertainment activities generate must be broken out and rated separately from the sale or food and drink.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income and Extra Expense, Spoilage, Equipment Breakdown, Employee Dishonesty, Money and Securities, Computers, Valuable Papers and Records, General Liability, Employee Benefits, Umbrella, Hired and Nonowned Auto & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivables, Bailees Customers, Fine Arts, Cyber Liability, Employment-related Practices, Environmental Impairment, Liquor Liability, Business Automobile Liability and Physical Damage, Garagekeepers and Stop Gap Liability.
Request a free tavern insurance Georgia quote in Acworth, Albany, Alpharetta, Americus, Athens, Atlanta, Augusta, Bainbridge, Belvedere Park, Brookhaven, Brunswick, Buford, Calhoun, Candler-McAfee, Canton, Carrollton, Cartersville, Chamblee, Clarkston, College Park, Columbus, Conyers, Cordele, Covington, Cusseta, Dallas, Dalton and Hinesville, Decatur, Douglas, Douglasville, Druid Hills, Dublin, Duluth, Dunwoody, East Point, Evans, Fairburn, Fayetteville, Forest Park, Gainesville, Georgetown, Griffin, Grovetown, Holly Springs, Johns Creek, Kennesaw, Kingsland, LaGrange, Lawrenceville, Lilburn, Lithia Springs, Loganville, Mableton, Macon-Bibb County, Marietta, Martinez, McDonough, Milledgeville, Milton, Monroe, Moultrie, Mountain Park CDP, Newnan, Norcross, North Decatur, North Druid Hills, Panthersville, Peachtree City, Peachtree Corners, Perry, Pooler, Powder Springs, Redan, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Smyrna, Snellville, St. Marys, St. Simons, Statesboro, Stockbridge, Stonecrest, Sugar Hill, Suwanee, Thomasville, Tifton, Tucker, Union City, Valdosta, Villa Rica, Vinings, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock and all other GA cities & Georgia counties near me in The Peach State.
Also find GA local small businesses by General Liability Class Code and learn about Georgia small business insurance requirements for general liability, business property, commercial auto & workers compensation including GA business insurance costs. Call us (470) 440-6263.