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Your liability for bodily injury or property damage arising out of serving alcohol to your guests can be covered by your homeowners policy. You will often hear this referred to as host liquor liability.
How Much Is a $1 Million General Liability Insurance Policy? On average, a $1 million liability insurance policy costs $69 a month, or $824 a year, for our small business owners. Keep in mind that every business is different, so the $1 million liability insurance cost will vary.
On average, a renters insurance policy with $100,000 in liability coverage and a $500 deductible costs $22 per month, or $268 a year.
What do small businesses pay for liquor liability insurance? On average, liquor liability insurance costs $45 per month, or about $542 annually.
Thats because an insurance company uses different factors to determine the cost of liquor liability insurance. This can include your business: Industry: Certain industries face more risk, which can increase insurance rates. Location: The state your business is in can have an impact on insurance costs.
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