July 2017 Liquor Liability Policies

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July 2017 Liquor Liability Policies

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

Bar / Billiard Hall in Worcester, Mass
Coverage Needed: GL and LL
Limits: 1M/1M/2M for both GL and LL
Total Sales: $520,000 total sales for bar with an additional $130,000 in sales for the billiard portion
Liquor to Food Sales Ratio: 70%
Endorsements: GL A&B and Additional Insured on GL policy
Discounts Applied: TIPS & MRA
Total Premium: $2,895 for GL and $12,332 for LL = $15,227

 

Restaurant in Newport, RI
Coverage Needed: Liquor Liability
Limits: 1M/1M/2M
Total Sales: $1,435,796
Liquor to Food Sales Ratio: 42%
Endorsements: Optional GL A&B,Property Damage
Discounts Applied:
– Alcohol Awareness Training
– Membership Credit
– Elite Discount Applied
– Loss Free Credit
Total Premium: $6470
 

Craft Beer Establishment with 2 Locations in North Carolina
Live Entertainment
Coverage:  GL & LL
Limits:  1M/1M/2M
Total Sales:  $2,800,000 Clayton/$2,600,000 Garner
Liquor to Food Sales Ratio:  35% Clayton/37% Garner
Endorsements:  GL A & B,  Property Damage
Discounts Applied:
Alcohol Awareness Training
ELITE Discount
Membership Credit (North Carolina Restaurant Lodging Association)
Total Premium:  $25,927

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