How Much Is Liquor Store Business Insurance Today?
- Nate Jones, CPCU, ARM, CLCS, AU
- 2 days ago
- 2 min read
If you own a liquor store or package goods retail shop, one of your biggest questions is likely: How much is liquor store business insurance today? Because liquor stores face unique risks, high theft exposure, cash transactions, refrigeration equipment, and liquor liability, the cost varies widely by location, store size, and operations. Understanding the typical pricing and what affects it can help you budget properly and secure the right protection. Below is a breakdown of what liquor store owners can expect and the key factors affecting insurance costs.
1) Average Cost of Liquor Store Insurance Today
Although pricing varies based on risk factors, most liquor stores can expect:
General Liability: $1,200–$6,000 per year
Liquor Liability: $800–$5,000 per year
Commercial Property Insurance: $1,500–$10,000 per year
Business Income Insurance: $300–$1,200 per year
Crime/Employee Dishonesty: $300–$1,000 per year
Workers’ Compensation: Based on payroll and job roles
Commercial Auto (if delivery is offered): $1,000–$3,500 per year
A smaller liquor store may be on the lower end, while high‑volume or late‑night operations typically fall on the higher end due to increased risk.
For general explanations on how business insurance is rated, owners can explore resources like the Insurance Information Institute, which provides guidance on liability, property, and crime coverage for small businesses.
2) Factors That Impact Your Liquor Store Insurance Premium
Carriers evaluate several risk categories when determining the insurance cost for a liquor store, including:
Location & Crime Score
High‑crime areas lead to higher premiums due to:
Robbery
Burglary
Vandalism
Theft attempts
Inventory Value
Higher inventory = higher replacement cost = higher premium.Stores with premium spirits or tobacco lines may pay more.
Operating Hours
Late‑night or 24-hour liquor stores generally face higher rates.
Security Measures
Carriers look closely at:
Surveillance systems
Alarm systems
Window bars or reinforced glass
Cash‑handling procedures
Time‑delay safes
Better security often results in better pricing.
Claims History
Frequent claims, especially theft or slip‑and‑fall incidents, raise premiums for years.
3) Why Comparing Carriers Matters
Not all insurance companies write liquor store policies, and even fewer offer competitive liquor liability or crime coverage. Working with a specialist like Wexford Insurance helps you:
Compare multiple national carriers
Get better pricing options
Avoid missing key endorsements
Customise coverage to your operations
Get Affordable, Accurate Liquor Store Insurance Today
Insurance pricing depends on your store’s location, hours, inventory value, security, and claims history. Wexford Insurance partners with top-rated carriers that specialise in liquor store risks, helping owners secure the right limits, deductibles, and policy forms, at the most competitive price.
👉 Request your liquor store business insurance quote from Wexford Insurance today and make sure your inventory, income, and business are fully protected.
