Any risk involved in the alcoholic beverage business has an exposure to a liquor liability loss. Whether it's selling a six-pack of beer at a local convenience store or making exotic drinks behind the bar of a five-star restaurant, organizations that manufacture, sell, serve or distribute beer, wine, or spirits can be held responsible for alcohol related injuries.
A liquor liability policy is one piece of a well-designed risk management program for any alcohol related business but especially bars, restaurants, and taverns. Other tools include proper training of waiters, waitresses, and bartenders; controls to assure that underage customers are not served; and using effective techniques to diffuse confrontational situations when they arise.
This webinar will explore the nature of the liquor liability risk and discuss the coverages, limitations and exclusions contained in most standard policies. In addition, we will discuss some of the manuscript forms that are often used by surplus lines carriers to help manage the more difficult risks that they see. The program will conclude with a discussion of some of the more challenging classes of liquor business (special events, bowling alleys, etc.) that are presented to liquor underwriters for consideration.
At the conclusion of this session, participants will understand:
- The scope of the liquor liability exclusion contained in the ISO Commercial General Liability Coverage Form.
- The coverage and limits provided by the ISO Liquor Liability Coverage Form.
- How state regulations impact both the price and availability of coverage offered by insurers.
- How carriers underwrite and price for the assault and battery (A&B) exposure.
- General classes of businesses with a liquor liability exposure and how underwriters evaluate exposures to loss faced by these risks.