Liquor Store Insurance

Liquor Store Insurance – what can it cover?*

Liquor store business insurance may be able to cover all or some of the risks below. For more information on what it can cover , requirements and costs please TALK to one of our helpful business insurance brokers on 1300 542 573.

• Public Liability – a bottle of alcohol is spilt resulting in injuries from glass breakage or slips and falls.
• Product Liability – eg: product or service does not perform to reasonable expectations resulting in damages, or unwanted objects in alcohol, alcohol poisoning.
• Business Equipment
• Fire and Perils – eg: fire arising from flammable products in stock
• Crime – eg: cash and alcohol
• Business Interruption – eg: profit associated with location in the event you are forced to close your liquor store for an extended period.
• Equipment Breakdown – eg: refrigerator breaking down resulting in loss of stock.
• Commercial property Insurance – protection for your store property, stock, fixtures and more
• Cyber Insurance – eg .Hacking of payment facilities or online store
• Business Insurance Pack – combine covers such as glass, money, theft and more for your bottle shop.

How much does Liquor Store Insurance Cost?*

Our helpful business insurance brokers can help you find suitable cost effective insurance for your bottle shop or wine store.

Depending on a number of factors such as where your business premises are located , the value of the property insured, the level of security, the size of your liquor store , the covers taken and your claims history certain insurance companies may offer better terms.

TALK to a SMART Insurance broker on 1300 542 573 for Liquor store insurance costs and quotes or email us at enquiry@smartinsure.com.au.

Some of the main risks for Liquor Stores*

Today , more than ever risk management is important for independent Liquor Store business owners. With serious competition coming from both the major shopping chains into the local bottle and wine shop market it’s important to think about ways to minimize the risks that could cause serious problems for your business.

While it is not possible to insure against all the risks your business faces there are a number of key risks that you can obtain protection for if things go wrong.

Some of main risks for independent liquor stores that you can take out a form of business insurance are 

Customer Injury

Slippery floors, rainy days and even fallen alcohol in the aisles could lead to thousands of dollars of damages for your liquor store if a customer slips and falls.

Data Hacking

Your liquor store credit card processing system is a target for hackers as is your online store if you have one. If you are hacked and incur a data breach you may incur significant tech bills, be open to be sued by frustrated customers, and may be subject to thousands of dollars in government fines.

Help reduce the impact of damages from data hacking with cyber insurance.

Theft of Alcohol

Theft, and the threat of theft is very much an unwanted part of life for liquor stores. While theft may costs retailer a small percentage of their sales it can wipe away a much larger percentage of your profit.

Help reduce the impact of theft by taking the theft cover option as part of your combined business insurance pack.

Loss or Damage to Stock

A major storm, power outage or even small fire could leave your liquor store with costly damaged or almost worthless stock..

Help reduce the loss or damage to stock by taking the stock cover option as part of your combined business insurance pack.

Smart Business Insurance pro tip: What is the most amount of stock you have at any one time? Cover this amount. It’s often at peak times business that major accidents occur.