What it does
CG DS 03 07 98 as the Liquor Liability Declarations, used with CG 00 33 or CG 00 34. It shows the named insured, policy period, Each Common Cause and Aggregate limits, the business description and premises, and the premium basis.
Who needs it
Bars, restaurants, caterers and other licensees.
Key provisions and limits
- Claims-made liquor policies also show a retroactive date.
Quoting and selling notes
- Match the premises and receipts shown to the application.
- 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.
