Insurance for Beer, Liquor & Wine Stores

Business Owners Policy (Bop)

General liability can be purchased alone, but it is included with a more comprehensive small business insurance package known as a business owners policy (BOP). A BOP can be custom tailored to provide just the right types of insurance your liquor store needs.

• Equipment Breakdown – Equipment such as cash registers and refrigerators are critical to continued operations for your business. Replacing and repairing these items is expense when they break down. A BOP can cover those costs so that you don’t have to.
• Buildings and Contents  – Your retail establishment and the physical inventory you have inside are also critical to your ability to run a profitable business. If a flood knocks down a wall or ruins the furnishings you have inside, you may find it difficult to cover the damage costs alone.
• Business Income and Extra Expense – Sometimes big disasters and emergencies can cause you to close your business for an extended period of time until repairs are made or inventory is replaced. This causes you to lose income and sometimes incur additional expenses.
• Products and Completed Operations (Included in General Liability) – If you sell products other than alcohol that are later found to be defective in some way; a BOP may offer you protection against product liability claims.
• Electronic Data – Any business files and records that you keep electronically can be protected from loss by a BOP.
• Newly Acquired or Constructed Buildings – When you expand your company, the additional structures can be protected by the BOP.
• Valuable Papers Protection – Your licensing and regulation paperwork plus required paperwork from suppliers may be costly to replace if they are lost or damaged.
• Employee Dishonesty Coverage – If an employee commits dishonest acts such as stealing from the cash register, giving free products to friends, or using company assets without authorization, your BOP can protect you from the losses associated with those actions.