Premium-Saving TIPs to Help Your Liquor Liability Clients
Having staff, bartenders, and servers complete an alcohol-awareness program such as Training for Intervention Procedures (TIPs) is one way your alcohol-selling clients can save money on Liquor Liability premiums. There are several other ways they can qualify for discounts, too! When you’re writing an application for a mono-line Liquor Liability policy or a Commercial Package policy (both available to you through MAIA’s Number One Insurance Agency Hospitality Program), be sure to document ALL of the discounts that apply to your client!
If any of these apply to your client, be sure to put that information on the application:
Alcohol-Awareness Training (10%)
ALL managers and servers or sales personnel must be certified in an approved alcohol-awareness program. CLICK HERE to see approved programs. Copies of training certificates may be required to bind coverage. (NOTE: Retail/liquor stores that do NOT have trained personnel will be placed in Hospitality’s standard rating tier, which may increase premium significantly.)
Age Verification Systems (5%)
For approved systems.
MRA Membership (up to 20%)
You clients can join the Massachusetts Restaurant Association (MRA) or renew their membership HERE.
Fine Dining (10%)
Close by 12:00 AM, charge over $4 for domestic beer, liquor sales under 60%.
Loss Free Credit (20-40%, varies by state)
After 5 years loss-free with Hospitality Mutual with no lapses
Let Number One help you with a competitive Liquor Liability option, and use these “tips” to potentially lower your insureds' premiums!
Reach out to Lori Kane, Hospitality & Flood Program Manager [email protected] or (508) 634-7361.