Be a responsible host
Whether you’re hosting a party for hundreds or just a few friends, take steps to limit your liquor liability and ensure you have the proper insurance if you’re planning to serve alcohol at your home. Whenever alcohol is involved, there is a greater chance for accidents and mishaps to occur. Social host liability laws vary from state to state, but 43 states have such laws on the books.¹ And you may be at risk.
Consider the following
You don’t need to call off your party. You can reduce your exposure to social host liquor liability by taking a few simple precautionary steps.
To limit your exposure to liquor liability even more, consider:
You will want to review your homeowners or renters insurance policy. Talk with your agent to determine what the right amount of liability insurance is for you. You may also want to consider excess liability to provide additional limits. Homeowners insurance typically provides some liquor liability coverage, but limits are usually between $100,000 and $300,000. In a lawsuit where damages could run into the millions, these limits won’t suffice.
How Nationwide® Private Client responds
Nationwide Private Client understands that individuals with higher net worth and more assets to protect may have increased risk and liabilities. We offer the following coverages that may be called upon in a liquor liability lawsuit:
Excess coverage is additional liability insurance over your existing home and auto coverage. It is designed to help protect you from major claims and lawsuits. Nationwide Private Client recognizes that you may have greater liability exposure than the average person. Talk to your agent about your specific insurance needs.
Why Nationwide Private Client
Affluent clients’ insurance needs may not be met by most mass-market carriers. Nationwide Private Client is dedicated to helping protect the assets and reputations of our clients. Our highly personalized insurance products, services and concierge-style claims management are thoughtfully designed to meet the distinctive needs of affluent individuals and families. We are committed to providing you a superior experience whenever you need assistance.
Nationwide Private Client offers these added benefits:
Read our Risk Solutions Series article "Entertaining at home" at nationwide.com/solutionseries to find out more.