Another brewery and restaurant in South Carolina is set to close its doors, citing the prohibitive costs of liquor liability insurance as the primary reason for its closure. Palmetto Brothers Dispensary in Laurens announced via Facebook that it will cease operations on June 22, attributing the decision largely to a staggering 325% increase in their insurance premiums over the past three years.
In a poignant social media post, the business lamented the challenges posed by rising operational expenses, with liquor liability insurance costs standing out as the decisive factor in their closure. The closure underscores a broader trend across the state, where several businesses have shuttered recently due to similar financial pressures related to insurance costs.
Legislative efforts to address these issues during the current session fell short, leaving many businesses that serve alcohol grappling with the requirement of maintaining a $1 million liability policy. The inability of lawmakers to enact reforms has exacerbated the plight of establishments like Palmetto Brothers Dispensary, signaling ongoing uncertainty for the hospitality sector in South Carolina.
