What to Ask Yourself When Opening a Bar

Wed, Sep 20, 2017 at 2:20PM

What to Ask Yourself When Opening a Bar

Are you considering opening a bar? You’re probably excited to get started and enjoy this new business adventure!

Before you put together a menu or choose your décor options there are a few questions you can ask yourself to make the process a simpler one. Take a look below to learn more.

What do I want to accomplish?

This, of course, is a question worth asking no matter the type of business you’re pursuing. Why? It helps keep you on track, for one, putting into clearer focus the people or goals you’re going into business for. Knowing what’s on the line and what you want to achieve can help you better understand the steps and protective measures you ought to take to get there.

So what is the answer for you? Maybe your bar honors a family tradition or serves as the start of a new one. Maybe it’s a means of providing for a not-so-distant future. Whatever it is, you want your bar to succeed… and so do we!

How can I protect my investment?        

Now that you know what your bar is all about, you’ll naturally want to search for ways to protect your investment. The bar business isn’t inexpensive, especially when you consider the high cost of inventory, well-trained employees, and real estate in a bustling area. You put in a big investment with the hopes that it will succeed and increase over time, but covering yourself for the “worst case scenario” can make your investment feel that much more secure.

Because the needs of a bar or tavern differ from those of other commercial properties, it might take a special kind of insurance to protect that investment. But that’s what we’re here for.

Where can I streamline insurance needs?

Since finding the right insurance can seem daunting already, you probably want to avoid the hassle of dealing with several separate insurance policies. That’s why consolidated coverage makes such great sense for bar owners, who appreciate the simplicity of what we can offer (like, for example, Assault & Battery alongside Liquor Liability coverage).

Who can I go to with questions and concerns?

If your bar isn’t part of a family business, you might not have such great familiarity with how this industry works… but we do, and we’re here to make sure that you don’t embark on this adventure alone. For questions about insurance or other bar-related issues, we’ve got your back!

If a bar is the next step of your business plan, we can help make it a reality! Turn to Insurance Solutions of America for bar & tavern insurance that meets your unique industry needs.




Bookmark & Share

User Comments

Be the first to comment on this post below!