Taverns Team with Utica First to Reduce Business Risk
Approximately 600,000 taverns operate in the United States today, and the industry is experiencing modest growth. Taverns are typically local establishments with a casual atmosphere where family, friends, and neighbors gather to socialize while enjoying a beverage and a bite to eat. Whether large chain establishments or smaller mom-and-pop operations, taverns are high-risk businesses that have high operating costs and tight margins.
Reducing Risk
Maximizing tight margins is a top priority for tavern owners. They accomplish this by juggling many areas of the business, including managing inventory, ensuring adequate staffing levels, and operational efficiencies at every step.
Taverns face a number of risks inherent in the industry that could minimize or wipe out margins. The most significant risk is operating uninsured. Other risks include slip and falls, liquor liabilities, theft, and property damage. All these risks can be very costly—just one uncovered claim could leave tavern owners in financial peril, up to and including business closure.
Business Owner Policy (BOP) Coverage
Our BOP can provide peace-of-mind protection against financial losses—that could be difficult for taverns to recover from—so owners can focus on their businesses. It also provides protection for staff and customers who have come to rely on them.
Additional Coverage Options
We listen to our agents and agent partners to understand policyholders’ business environments, risks, and goals. In addition to our BOP–the fastest-growing product in our company’s history–do you know about our APPETIZER endorsement options? These provide tavern owners with a terrific “bundle” of coverages at prices more reasonable than including them separately:
We’re Committed to You
At Utica First, our policy is putting you first. We believe in the power of teamwork and the strength of our dedicated agents and broker partners. The Utica First team is known for our character and integrity, going above and beyond for our agents and broker partners. We are here to make your life easier and support your customers and overall success. If you have tavern customers in the states of New York, New Jersey, Connecticut, Pennsylvania, Ohio, Maryland, Virginia, or Massachusetts, click here to learn more about our BOP.
