CG DS 03–LIQUOR
LIABILITY DECLARATIONS
(November 2025)
The
Insurance Services Office (ISO) provides a sample declarations page that
insurance companies can use as a reference when creating their own
declarations. It includes clear, descriptive language identifying the risk,
coverage details related to specific areas in the coverage form, and rating and
premium information explaining the charges and potential costs at premium audit
time. This brief analysis reviews the information included in CG DS 03–Liquor
Liability Declarations.
This section includes the
following information:
NOTE: The order in which multiple named
insureds are listed is important. The first named insured has distinct duties
and responsibilities not shared with the other named insureds. It must pay the
premium and will receive any return premiums. It is also the only insured to
receive notice of cancellation. If the first named insured is removed from the
policy, the second named insured will automatically become the first named
insured.
The insurance company agrees to
provide the coverage outlined in the policy, subject to all its terms and
conditions, in exchange for the premium payment.
This section includes the
following information
The
Each Common Cause Limit is the maximum amount payable for all injuries to one
or more persons or organizations resulting from
selling, serving, or furnishing of alcoholic beverages. It is also subject to
the Aggregate Limit.
The Aggregate Limit refers to the
maximum amount paid for all injuries resulting from selling, serving, or
furnishing alcoholic beverages.
Related Article: CG 00 33 and CG 00
34–Liquor Liability Coverage Forms Analysis
The retroactive date entered in
this section of the sample declarations applies only when coverage is written
on CG 00 34–Liquor Liability Coverage Form–Claims-Made Basis. The retroactive
date can be either the policy effective date or any earlier date agreed upon by
the named insured and the insurance company. If no retroactive date applies,
the word "None" must be entered. If neither "None” nor a date is
entered, the retroactive date defaults to the same as the policy effective
date.
Determining the business type is
crucial because it directly influences who qualifies as an insured. Section
II–Who Is an Insured details the eligible business types. The following are
eligible business descriptions:
NOTE: If there is more than one named
insured, multiple types of business may be selected. Sometimes, a description
of the business is included for informational purposes but does not impact the
coverage. Additionally, the 04 13 edition added Trusts to the list of insureds.
However, CG DS 03 has not been updated to reflect this change.
The location number and address
for each property the insured owns, rents, or occupies must be entered in the
spaces provided in this section. This helps with quick reference and rating.
However, coverage is not limited to only the listed locations unless specified
elsewhere in the coverage form or by a separate endorsement.
This section includes the
following information:
This section lists the
endorsements included when the policy is issued. Subsequent endorsements issued
after inception obviously cannot be listed but are included by inference.
The declarations, coverage forms
(CG 00 33 or CG 00 34), common policy conditions, and any applicable endorsements
complete the policy.
This section provides space for the
countersigning agent's name and the date the policy was countersigned.
Facsimile signatures of insurance company officers may also be included here if
they are not already listed elsewhere.