Rack N Roll to Hold Town Hall Meeting to Address the Liquor Liability Insurance Crisis Impacting South Carolina Restaurants and Entertainment Venues
July 26, 2023The rising liquor liability insurance rates in South Carolina have become a pressing concern for restaurants and entertainment venues, causing significant challenges for small businesses and the state’s vibrant hospitality industry. To address this critical issue and explore potential solutions, we invite you to participate in a Town Hall Meeting at Rack N Roll in Laurens on Thursday, July 27, 2023.
During this event, we will shed light on the root causes behind the skyrocketing insurance rates and discuss actionable strategies to combat the SC Venue Crisis. One of the key issues contributing to this crisis is the current South Carolina law, which can leave a defendant solely responsible for all damages in a lawsuit, regardless of their actual percentage of fault. This situation has led insurance carriers to shy away from providing coverage in the state, resulting in reduced availability of affordable insurance options for local businesses.
As a consequence, many small restaurants, bars, and entertainment venues are facing mounting financial pressures and, in some cases, are forced to close their doors. The detrimental effects of this situation extend beyond individual businesses, impacting the broader tourism and service industries in South Carolina.
Additionally, Bill 116, which penalizes small businesses, has been exacerbating the problem, while benefiting only a select group of trial attorneys. Without significant changes and lawsuit reform, the state’s small venues and bars will continue to suffer, perpetuating the crisis and potentially harming the hospitality industry’s overall growth.
One possible solution to address this costly problem is the South Carolina Save Our Venues Act. During the Town Hall Meeting, we will delve into the provisions of this act and discuss how it can be instrumental in alleviating the burdens placed on local establishments.
We urge you to attend this crucial gathering and stand together with fellow community members, bands, small business owners, and hospitality industry enthusiasts. By joining forces, we can amplify our collective voice, encourage necessary reforms, and strive towards a more sustainable and prosperous future for South Carolina’s restaurants and entertainment venues.
Event Details:
- Date: Thursday, July 27, 2023
- Time: 7:00 pm
- Location: Rack N Roll, 758 East Main Street, Laurens
Let’s work hand in hand to protect and preserve the heart of South Carolina’s vibrant culture and hospitality. Together, we can make a difference and ensure a thriving future for all.