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August 2017 Liquor Liability Policies

Take a look at some of the policies Hospitality Insurance Group wrote in August 2017 including the type of coverage included, insurance discounts applied and a glimpse at the total insurance premium.

Irish Pub in Lancaster, PA
Coverage Needed: Liquor Liability
Limits: 1M/1M/2M
Total Sales: $3,750,000
Liquor to Food Sales Ratio: 47%
Endorsements: N/A
Discounts Applied:
– Alcohol Awareness Training
– Membership Credit (PA Taverns Association Membership)
– Elite Discount Applied
Total Premium: $21,484

Bar in Jacksonville, NC
Live Entertainment
Coverage: CP, GL & LL
Limits: 1M/1M/2M
Total Sales: $2,156,000
Liquor to Food Sales Ratio: 40%
Endorsements: GL A & B, Property Damage
Discounts Applied:
Alcohol Awareness Training
ELITE Discount
Membership Credit (North Carolina Restaurant Lodging Association)
Total Premium: $15,672

Bar in Chicopee, MA
Coverage Needed: CP, GL and LL
Limits:
CP: Business Personal Property $100,000 – 80% at Replacement Cost; Business Income $160,000 – 80%; Spoilage $10,000
GL: 1M/1M with $180,000 total sales, 1 Additional Insured and Hired and Non-Owned Auto Liability
LL: 1M/2M with $160,000 liquor sales, 1 Additional Insured
Total Sales: $180,000 Total sales – $160,000 of this total was liquor sales
Liquor to Food Sales Ratio: 89%
Endorsements:
GL: Hired and Non-Owned Auto and Additional Insured
LL: GL A&B, Property Damage, and Additional Insured
Discounts Applied:
LL: Mass Restaurant Association
Total Premium: CP: $1,877; GL: $1,888; LL: $6,131 – Total Package with Liquor: $9,896

Restaurant in Newton Center
Coverage Needed:  Liquor Liability only
Limits: 1M/1M/2M
Total Sales: $2,686,000 total – $1,040,000 of this is liquor only
Liquor to Food Sales Ratio:  39%
Endorsements:  GL A&B, Property Damage and Additional Insured
Discounts Applied:  TIPS (alcohol awareness credit) and Mass Restaurant Association
Total Premium: $10,681

Looking to target bars, restaurants, social clubs and the like? There’s no better time than now.

Since 2010, the Commonwealth of Massachusetts has mandated all liquor licensees provide proof of insurance to their local licensing authority when filing a request for a new liquor license or when renewing an existing liquor license. With all licenses renewing on January 1st, now is the time to target these establishments to ensure they not only have the coverage mandated by the state but the coverage they need to protect their establishment against costly claims.

The Act has two components: (1) it mandates liquor liability insurance for establishments with pouring licenses, and (2) it revises existing law to be consistent with the new mandatory liquor liability insurance requirement. The first component is discussed below.

Mandatory Liquor Liability Insurance Requirements

The law requires liquor licensees serving alcoholic beverages on premises to obtain liability coverage for bodily injury or death for a minimum amount of $250,000 for injury to or death of one person, and $500,000 for any one accident resulting in injury to or death to more than one person. Insurance companies offering such coverage must do so in accordance with the ratemaking provisions and filing requirements of the Massachusetts Division of Insurance.

The law requires that any applicant for a pouring license or for renewal of a pouring license must file a certificate of insurance in a form acceptable to the local licensing authority prior to issuance of any such license or renewal.

What does this mean for agents?

There is no better time than now to target those liquor-serving establishments, but don’t wait until the last minute. Hospitality Insurance Group is ready to accept applications to provide a comprehensive and competitive quote. We will work with you to issue your liquor liability policy so you can align all of your client’s coverage’s into one expiration date.

We now offer:

Package Policies (Property and General Liability)
Stand-alone Liquor Liability with optional GL Assault and Battery
Stand-alone General Liability
Excess Liability (up to an additional $3 million)
Property Damage

So if you haven’t tried Hospitality Insurance Group lately, please give us the opportunity to provide you with superior service and competitive pricing. When talking liquor liability, this is the season to sell.

John Tympanick is the President & CEO/Director of Hospitality Insurance Group

Please be advised that the opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute a legal opinion.