What it does
CG 34 04 adds the scheduled sponsor(s) as additional insureds on the Liquor Liability Coverage Part, but only for their liability as sponsor of the event or function shown in the schedule and for "injury" arising out of the selling, serving or furnishing of alcohol by any insured.
Who needs it
Bars, caterers and beverage vendors working events whose sponsors (charities, corporations, promoters) require protection from dram shop claims.
Key provisions and limits
- Schedule lists the sponsor and describes the event or function.
- Coverage applies only to the extent permitted by law.
- Contract-based limits: coverage is no broader than any contract requires, the most paid for the additional insured is the lesser of the contract-required amount or the policy limits, and the endorsement does not increase limits.
Quoting and selling notes
- Event sponsors frequently also want CG 20 26 on the CGL.
