Off-License Insurance is essential for businesses that sell alcohol, tobacco, and other products, as it provides protection against a wide range of risks specific to this type of establishment. Whether you own a liquor store, convenience store, or off-licence business, having proper insurance can safeguard your business from potential liabilities. Below is a breakdown of key insurance coverages for off-licenses:

1. Public Liability Insurance:

• Purpose: Protects your business if a member of the public (e.g., a customer) gets injured or their property is damaged while on your premises.
• Example: A customer slips on a wet floor in your store and suffers an injury.
• Importance: Public liability insurance covers compensation claims and legal costs if someone sues your business for injury or property damage.

2. Product Liability Insurance:

• Purpose: Covers you in the event that a product you sell causes harm or injury to a customer.
• Example: A customer claims they became ill after purchasing expired or contaminated alcohol from your store.
• Importance: If a product you sell causes harm, even if it’s not your fault, product liability insurance covers legal fees and compensation claims.

3. Employer’s Liability Insurance:

• Purpose: Legally required if you have employees, this covers you if an employee gets injured or becomes ill due to work-related conditions.
• Example: An employee hurts their back while lifting heavy boxes of alcohol and files a claim for compensation.
• Importance: This insurance is mandatory in many countries and protects your business from costly employee injury claims and associated legal fees.

4. Stock Insurance:

• Purpose: Protects your stock from damage, theft, or loss.
• Example: Your inventory of alcohol, cigarettes, and snacks is destroyed in a fire or stolen in a break-in.
• Importance: Off-licenses often carry high-value stock, particularly alcohol and tobacco. Stock insurance ensures you’re covered for the cost of replacing lost or damaged goods.