Liquor Store Insurance in Massachusetts

WHAT IS IT? WHO NEEDS IT? COVERAGES OFFERED

Liquor store insurance is specialized commercial insurance for liquor stores. Policies generally include both state-required liability protection and other coverages.

The Massachusetts Alcoholic Beverages Control Commission generally requires liquor liability coverage before getting a liquor license. Most stores get additional insurance coverages too.

Liquor Liability Coverage, which may cover accidents involving intoxicated persons
General Liability Coverage, which may cover common accidents and defamation claims
Employment Practices Liability Coverage, which may cover discrimination claims

What is liquor store insurance?

Operating a liquor store requires substantial investment, and the investment that’s made into one of these businesses should be protected whenever possible. Liquor store insurance can help Massachusetts store owners shield their businesses from a variety of risks.

Liquor store insurance is specialized commercial insurance for liquor stores. Policies generally include both state-required liability protection and other coverages.

What Massachusetts businesses should have a liquor store policy?

The Massachusetts Alcoholic Beverages Control Commission generally requires liquor liability coverage before getting a liquor license. Most stores get additional insurance coverages too.

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Should distilleries purchase liquor store policies if they have retail sales?

Distilleries and other adult beverage makers usually need liquor liability coverage, much like liquor stores do. Distilleries have other coverage needs that are different from those of liquor stores, though. They and other adult beverage makers normally are better suited by an insurance policy that’s more tailored to their needs. Distillery, winery and brewery policies are readily available.

What coverages are available through liquor store policies?

Liquor store policies typically provide a variety of coverages, including liquor liability coverage and others. Some of the common protections that policies typically offer are:

Liquor Liability Coverage, which may cover accidents involving intoxicated persons
General Liability Coverage, which may cover common accidents and defamation claims
Employment Practices Liability Coverage, which may cover discrimination claims
Cyber Liability Coverage, which may cover online attacks and other data breaches
Commercial Umbrella Coverage, which may cover costly lawsuits with secondary protection
Building Coverage, which may cover damage to an owned storefront
Tenants Betterment Coverage, which may cover damage to fixtures in a leased space
Business Personal Property Coverage, which may cover damage to/loss of inventory
Crime Coverage, which may cover theft by employees

Employment practices liability coverage is frequently abbreviated as EPLI. Abbreviations are sometimes used for other coverages, too.

An insurance agent who specializes in liquor store policies can help store owners sort through all coverage options, and select the ones that make sense for their business.

Do liquor stores need to purchase workers' compensation coverage?

Massachusetts state law normally requires businesses that have employees to carry workers' compensation coverage. Workers comp usually protects against workplace injuries and illnesses. Thus, most liquor stores in the state need to purchase workers' compensation.

Whether workers' compensation is included within a liquor store policy depends on the policy options. Some policies do make the coverage available. Other policies leave it to be purchased separately, which is also easy to do.

How much are premiums for liquor store policies?

The premiums charged for liquor store policies are based on numerous factors and therefore vary from store to store. A store’s location, square footage, annual sales, and past claims history are just a few of the details that can impact policy rates.

Since premiums vary, the most accurate way to find out how much insuring a particular store will cost is by requesting customized quotes. An independent insurance agent can help stores request quotes from several insurance companies at once, which makes comparing both coverages and costs easy.

How can liquor stores get liquor store insurance?

If you need assistance insuring a liquor store that’s in Massachusetts, reach out to the independent agents at Paul T. Murphy Insurance. Our insurance agents have the expertise necessary to help you determine what coverages are right for your store. We’ll then work with you to compare different liquor store insurance policies that meet those coverage needs, and ultimately select the best available policy. With our assistance, you can be confident that your store is protected well.

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This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.