Risk in Focus :: Hospitality Q3 2024
July 23, 2024
States like South Carolina have enforced a law mandating all alcohol-serving establishments to carry $1 million in liability coverage if they operate after 5pm. The state’s insurance department has flagged the liquor liability insurance market as “extremely unprofitable,” with significant underwriting losses. The frequency and severity of drunk driving lawsuits have spiked, leading to higher insurance costs. Our latest report covers the risks associated with liquor liability and the preventive measures that can protect your business.
This edition covers:
- Training programs
- Compensation structures
Learn more in the latest Risk in Focus :: Hospitality Report.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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