Night clubs are all unique – that’s part of their charm. It’s these differences (size, location, facilities, etc.) that can affect how much your insurance premiums cost. Below are some sample insurance quotes for night clubs to give you an idea of what your insurance might cost.
Keep in mind that your actual insurance policies may cost more or less than the examples here. These sample quotes are only meant to offer a rough idea of the price of night club insurance.
General Liability Insurance
General Liability Insurance protects night clubs from the cost of third-party lawsuits (i.e., lawsuits from people you don’t employ). These include lawsuits related to damaged property, bodily injuries, or reputational damages. For example, if a customer slips on a spilled drink and cracks their head on the floor, you could be sued for their medical expenses, pain and suffering, and indirect costs related to their concussion. For a covered lawsuit, GL Insurance pays your legal bills, including costs of lawyers, evidence fees, and settlements or damages you owe the suing party.
If you rent your building, many landlords require you to have General Liability Insurance because it offers them reassurance that if you damage their property, they’ll be able to recoup the expense.
Business Owner’s Policy
Business Owner’s Policies bundle General Liability and Property Insurance together at a discount, providing an economical way to get two basic business policies. Property Insurance covers items your night clubs owns (everything from the actual building to the kitchen and sound system equipment) from loss events such as fires, thefts, vandalism, and some weather damage.
Liquor Liability Insurance
As a night club owner, you’re probably familiar with your state liquor licensing laws and other regulations that may require you to have Liquor Liability Insurance. In some states, dram shop laws hold night clubs responsible for selling alcohol to intoxicated patrons who end up getting into car accidents, causing property damage, or injuring other people. If one of your customers has too much to drink and gets in trouble, your night club could be sued.
Independent insurance agents in the Skyscraper insurance can help you get set up with all the insurance your business needs. They are available to explain your coverage options and answer your insurance-related questions. Member agents can use their relationships with a variety of different insurance companies to provide you with a selection of competitively-priced policies that meet your nightclub’s coverage needs. Contact a member agent near you for more information.
No matter whether you own a large nightclub that features live bands or a small, private club, you will need to have insurance coverage. Some insurance policies are required by law, while others may be required by lenders if you have taken out a business loan. You could also be required to carry insurance by your landlord if you rent your club space. Optional coverage is available and highly recommended because business establishments that serve alcohol have an increased risk of damages and liability claims.