Owning your own tavern, bar or nightclub is a dream that many of us share, but only a few are brave enough to follow through on that dream. If you want to turn your dream into a reality, then having a great plan for Insurance for Taverns is essential to keeping the good times rolling.
Being the proprietor of your own local tavern is an exciting lifestyle. To some people, there is nothing more wonderful than to be able to say that you run your own place where everyone can get together for a few drinks or watch the big game. Over time, what was once a small place for just a few locals can quickly grow into the most popular place in town, a place where everybody knows your name.
Operating your own establishment can be a very lucrative business venture, as well. According to the American Nightlife Association, roughly 31.21 million people have bought wine or beer in a bar or club. Needless to say, people are eager to find new places to spend their money and evenings and need someone like you to supply their demands.
As your bar or club grows in popularity, however, so too will the number of risks that can quickly turn your dream into a legal nightmare. Unfortunately, this is what happens when alcohol is involved in any business. Aside from the usual liabilities that plague most businesses, establishments that primarily serve alcohol are open to a whole other list of problems.
Physical fights breaking out, or failing to stop a person who had too many drinks from driving home can all land your bar into a lot of trouble. There are also negligent actions such as inadequate security or emergency safety, poor lighting, and overcrowding that can put you and your business at risk. The impending fines and possible lawsuits that can follow these types of mishaps could end up forcing you to shut your doors for good.
According to statistics from HuffPost, 100,000 people die from alcohol-related causes every year, and nearly 700,000 students are assaulted by a fellow student who has been drinking. These kinds of legal issues typically find their way back to the place that served the alcohol, leaving you in a lot of hot water.
Your financial issues can be even greater if you do not have an Insurance for Taverns plan that is specifically designed to act as a safety net in case the worst were to occur. Fortunately, there are certain insurance agencies that not only offer this kind of insurance, but that have plans that can be easily customized to fit your unique needs.
For the bar, tavern, or nightclub business owner that wants the best insurance policy that fits their needs perfectly, XINSURANCE is the best way to go. They have spent years providing great insurance coverage to people and businesses. They care deeply about making sure that your business and assets are completely covered from harm, which is why they offer customizable Insurance for Taverns that is sure to fit your needs.
XINSURANCE is also known for their all-in-one approach to insurance that is the first of its kind and one that you will not find anywhere else. This approach offers potential buyers to get broader coverage with limits as high as $10 million with the chance for even higher limits made possible through reinsurance partners, a partnership approach, and direct access to underwriting and risk and claims management. Visit XINSURANCE.com to find the perfect policy to keep your tavern doors open.