What it does
CG 24 06 adds to the Liquor Liability insuring agreement that an insured who permits any person to bring any alcoholic beverage on its premises for consumption there, whether or not a fee is charged, is also considered to be selling, serving or furnishing alcoholic beverages.
Who needs it
BYOB restaurants, banquet halls and event venues that charge corkage or allow outside alcohol.
Key provisions and limits
Quoting and selling notes
- Pairs with CG 21 50 on the CGL, which excludes BYOB liquor liability there.
- Underwriters rate liquor exposure on alcohol receipts and look at hours, entertainment, security, ID checks and server training; dram shop laws vary widely by state, which drives limits and pricing.
