How much does insurance cost for bars?

Bar owners typically pay an average of $276 per month for a business owner’s policy, or $3,317 annually.

A BOP bundles general liability insurance with property insurance, usually at a discounted rate. This policy often includes insurance endorsements, such as business interruption insurance or equipment breakdown coverage.

This is the average policy for bar owners who buy from Insureon:

Insurance premium: $276 per month
Policy limits: $1 million per occurrence, $2 million aggregate
Deductible: $1,000

The cost of a business owner's policy is based on a number of factors, including the value of your property, where you are located, and the number of employees you have. Bars with high-value equipment and furnishings tend to pay higher premiums.

Not all bars qualify for a business owner’s policy. Check with your Insureon agent to find out if your bar is eligible.

Bars pay an average of $218 per month, or $2,621 annually, for general liability insurance. This policy protects bars against customer bodily injuries and customer property damage, along with advertising injuries.

Insureon’s licensed agents typically recommend purchasing a business owner’s policy, which bundles general liability coverage with commercial property insurance at a discounted rate. A BOP protects your own business property along with covering common business risks.

This is the average policy for bar owners who buy from Insureon:

Premium: $218 per month
Policy limits: $1 million per occurrence, $2 million aggregate

Learn more about how your insurance premium is calculated and how to save money on your general liability coverage.

The average cost of workers’ compensation insurance for a bar is about $121 per month, or $1,450 annually. The cost of a policy varies significantly depending on your state and business operations.

Workers’ compensation insurance is required in almost every state for bars with employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects bar owners against lawsuits related to workplace injuries.

Because health insurance plans can deny claims for injuries related to your job, workers' compensation coverage is also recommended for sole proprietors.

The cost of workers' comp depends on several factors, primarily the size of your staff and their occupational risks. You can save money on workers' comp coverage by classifying your workers correctly and implementing a risk management plan to minimize work-related injuries.

The average cost of a liquor liability insurance policy for a bar is about $115 per month, or $1,379 annually. This type of insurance protects bars from liability related to alcoholic beverages. In some jurisdictions, your bar might need liquor liability coverage in order to obtain a liquor license.

This is the average policy for bar owners who buy from Insureon:

Premium cost: $115 per month
Policy limit: $2 million

What's more, many states have dram shop laws that hold a business liable for any damages caused by intoxicated customers that were served by your bartenders, which can make this coverage all the more important to protect businesses against the expensive legal fees and other lawsuit costs from an incident.

Learn how to save money on your policy, which coverage options to choose, and how liquor liability costs are calculated.

Bars pay an average of $170 per month, or $2,041 per year, for commercial auto insurance.

This type of business insurance pays for property damage and medical expenses from accidents involving your company vehicles, such as your business-owned vans. It can also cover vehicle theft, vandalism, and weather damage.

Most states require this type of insurance for vehicles owned by your bar. For personal, rented, and leased vehicles used for work purposes, look to hired and non-owned auto insurance (HNOA) instead.

The cost of commercial car insurance depends on several factors, including the policy limits you choose, claims history, the number and value of your vehicles, and the driving records of anyone permitted to drive. Learn how insurers calculate your premium and how to save money on commercial auto coverage.

Small businesses pay an average of $145 per month, or $1,740 annually, for cyber insurance. You might also see this policy called cyber liability insurance or cybersecurity insurance.

Cyber insurance helps bars recover financially after a data breach or cyberattack. It can help pay for customer notification costs, fraud monitoring services, and other costs necessitated by state data breach laws.

The cost of cyber insurance depends on the amount of personal information handled by your bar, such as customer credit card numbers, along with the number of employees who can access that information.