3 Types of Businesses That Need Hospitality Insurance
Hospitality insurance programs are essential for a wide range of businesses. Many social clubs and venues serve alcohol and provide entertainment to their patrons, and the owners of these businesses need adequate insurance protection against the risks inherent in providing these services. Here are three types of businesses that need hospitality insurance.
1. Bars and Lounges
One of the big liability risks at bars and lounges, whether it be a sports bar, pub, tavern, or cocktail lounge, is that alcohol consumption can lead to accidents. Alcohol-related accidents often lead to lawsuits against the establishment that served the alcohol, and the establishment’s owner needs coverage to pay the fees associated with fighting litigation.
2. Comedy Clubs and Jazz Clubs
Owners of venues where people gather to watch stand-up comedy or a jazz performance can be subject to lawsuits due to alcohol consumption if they operate a bar inside their club or venue. They can also face liability claims from performers or neighboring businesses.
3. Nightclubs and Adult Nightclubs
Nightclubs, and particularly adult nightclubs, are vulnerable to risk because of the nature of their business. Nightclub owners can face claims resulting from risks involving valet parking, performers, patrons, DJs, and a host of other areas.
Owning one of these venues can be costly when problems occur, which is why it is important to find the right hospitality insurance programs. An experienced insurance professional can create a package that meets a hospitality business owner’s needs.