Strip clubs are popular establishments. Many people show up to relax and have a good time. One thing to be aware of is that strip clubs are highly populated areas on most nights. As a strip club owner, you should be aware that high traffic increases the likelihood of an incident occurring, especially when other variables, such as alcohol, are potentially in play. There is legislation in most states that mandates strip club owners must purchase insurance to protect patrons.
Adult nightclub insurance gives you a layer of protection if an accident occurs. Perhaps a patron is injured due to an accidental fall or an assault caused by another patron. Adult nightclub insurance protects you from a severe lawsuit and covers the injured party’s medical treatment. There may be emotional scars as well.
The Importance of Adult Nightclub Insurance
As a strip club owner, you’ll likely run a few yearly promotions to generate interest and attract larger crowds. Maybe you are running a special promotion, such as serving a special brand of alcohol. One of the patrons becomes intoxicated and gets into a fight. Chairs are thrown, walls are damaged, and someone gets hurt. You are responsible for the fallout because you failed to take the necessary precautions to prevent a disaster from occurring. The injured party decides to sue you for pain and suffering. They have a strong case because you served a patron too much alcohol. Luckily, adult nightclub insurance steps in to prevent you from possibly losing your business. The policy should cover your legal fees as well as a potential settlement.
Potential Theft Attempts
Theft is another situation to consider on highly populated nights. While you may have security cameras installed around the premises along with bouncers, it’s impossible to watch every area. Perhaps a patron or employee steals a valuable item. Adult nightclub insurance covers you in this situation.
Workers Compensation
Your employees are an essential part of your business. They help make sure everything functions smoothly. Workers compensation allows you to take care of your employees while protecting your business. Adult clubs can be volatile places to work at different times. An issue arises in the workplace, or one of your employees is injured. Workers compensation protects your business by covering potential legal fees if an employee pursues litigation or if one of your employees is injured on the job. Workers compensation will cover their medical treatment.
Umbrella Insurance
It’s recommended that you inquire about adding umbrella insurance. Umbrella insurance is designed to protect you when you need it most. Your liability insurance contains a policy limit. A severe liability dispute may occur in your club. You are left in a challenging situation if the total damages exceed your liability limits. Umbrella insurance steps in during this situation to provide extra protection. Umbrella insurance helps prevent a financial catastrophe by preventing you from having to cover excess liability costs out of your assets.
Consult with RMS Insurance
Operating a strip club can be a lucrative business venture. However, you must follow the guidelines and purchase a good insurance policy. If you have any questions regarding coverage. Contact the team here at RMS Insurance, and we will assist you and help you get the right plan.