Mobile Bar and Tap Truck Insurance
The mobile bar and tap truck industry has seen significant growth and popularity not only in Nashville, Tennessee but around the globe. Tap trucks and mobile bars like Classic Taps offer a unique and convenient way to serve beverages at various events. If you own or operate a mobile bar or tap truck, it is crucial to safeguard your business from potential risks and uncertainties. One of the most effective ways to do so is by obtaining the right insurance coverage. This blog post will explore the essential insurance policies that you a mobile bar business owner, should consider to protect your assets, employees, and customers. If you are interested in learning if a mobile bar is legal, check out our previous blog post HERE!
General Liability
General liability insurance is fundamental for any business not just tap trucks and mobile bars! It protects your business against claims of bodily injury or property damage that may occur during your operations. For instance, if a guest slips and falls while visiting your tap truck, general liability insurance would cover their medical expenses and legal fees if they decide to sue. It is crucial to have this coverage to protect your business from costly lawsuits and ensure peace of mind. A great place to look for general liability insurance is here at
NEXT Insurance. They made it easy to get the coverage we needed.
Liquor Liability Insurance
As a mobile bar or tap truck owner, you are responsible for the distribution of alcoholic beverages. Liquor liability insurance is specifically designed to protect your business from the risks associated with serving alcohol. This coverage is essential because it can shield your business from legal claims arising from accidents or injuries caused by intoxicated customers. For example, if a customer gets into a car accident after consuming alcohol from your tap truck, liquor liability insurance can help cover legal expenses and potential damages.
Commercial Auto Insurance:
Since your business involves operating a mobile bar or tap truck, you must have adequate commercial auto insurance. This coverage protects your vehicle(s) used for business purposes against accidents, property damage, theft, or vandalism.
It is essential to ensure that your policy adequately covers both the vehicle itself and any equipment or inventory stored inside. Commercial auto insurance provides financial protection in case of any unfortunate incidents on the road, helping you recover quickly without significant financial losses.
Property Insurance:
Depending on how much you have invested into your tap truck or mobile bar you may want to look into Property Insurance. Depending on the build cost including supplies, having tis insurance can protect not only the money but the time you put into building your dream bar. Property insurance is crucial to protect your mobile bar or tap truck, as well as any other physical assets, such as inventory, equipment, and furniture. This coverage will safeguard your business from losses due to fire, theft, vandalism, or natural disasters.
Mobile bars and tap trucks often carry expensive and specialized equipment, such as kegs, taps, and refrigeration systems. Property insurance ensures that you can replace or repair damaged or stolen assets promptly, minimizing downtime and financial burden.
Workers' Compensation Insurance:
Workers' compensation is not required to get started however as your business grows it may be something you want to look into. If you have employees working for your mobile bar or tap truck, workers' compensation insurance is a legal requirement in most jurisdictions. This coverage provides medical benefits and wage replacement to employees who suffer work-related injuries or illnesses.
Even though the nature of your business may not seem inherently risky, accidents can happen in any work environment. Workers' compensation insurance protects your employees and your business by covering medical expenses and potential legal costs associated with workplace injuries.
Business Interruption Insurance:
Just as I mentioned before, Business interruption insurance is not required to own and operate a mobile bar or tap tuck like Classic Taps. Business interruption insurance is often overlooked but can be invaluable in the event of an unforeseen disruption to your mobile bar or tap truck operations. This coverage provides financial support if your business is temporarily unable to operate due to covered perils, such as fire, natural disasters, or other unforeseen events.
It helps cover ongoing expenses, lost income and enables you to get back on track as quickly as possible. Business interruption insurance ensures that your business can weather unexpected storms and maintain financial stability during challenging times
Conclusion:
As the owner or operator of a mobile bar and tap truck business, it is essential to prioritize the protection of your assets, employees, and customers. By investing in the appropriate insurance coverage, you can mitigate the financial risks associated with accidents, injuries, property damage, and unexpected disruptions.
The essential insurance policies for your business include general liability insurance, liquor liability insurance, and commercial auto insurance. Property insurance, workers' compensation insurance, and business interruption insurance are recommended as your business continues to scale While insurance may seem like an additional expense (trust me we didn't want to incur any more costs either), it is a crucial investment that provides you with peace of mind and ensures the long-term success and sustainability of your mobile bar or tap truck venture.
If you have any questions or need a mobile bar for your next event reach out to Classic Taps we would be more than happy to be a part of your special day!
Cheers
Written by Michael Elliott 6/28/23
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