09-25-2017 Council Packet - Laserfiche WebLink

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City of Orono Insurance Requirements Orono Municipal Code Sec. 34-87. Financial responsibility of licensees. (a) Proof. No 3.2 percent malt liquor, wine or liquor license shall be issued or renewed unless and until the applicant has provided proof of financial responsibility imposed by Minn. Stat. § 340A.801 by filing a certificate that there is in effect an insurance policy or pool providing minimum coverages of $100,000.00 because of bodily injury to any one person in any one occurrence, $300,000.00 because of bodily injury to two or more persons in any one occurrence, in the amount of $10,000.00 because of injury to or destruction of property of others in any one occurrence, $100,000.00 for loss of means of support of any one person in any one occurrence, and, subject to the limit for one person, $300,000.00 for loss of means of support of two or more persons in any one occurrence. An annual aggregate policy limit for dramshop liability of not less than $300,000.00 per policy year may be included in the policy provisions. (b) Insurance not required. Subsection (a) of this section does not apply to licensees who by affidavit establish that they are: (1) On -sale 3.2 percent malt liquor licensees with sales of less than $25,000.00 of 3.2 percent malt liquor for the preceding year; (2) Off -sale 3.2 percent malt liquor licensees with sales of less than $50,000.00 of 3.2 percent malt liquor for the preceding year; (3) Holders of on -sale wine licenses with sales of less than $25,000.00 for wine for the preceding year; or (4) Holders of temporary wine licenses issued under law. (c) Insurance certificate requirements. Whenever an insurance certificate is required by this division, the applicant shall file with the city clerk a certificate of insurance showing that the limits are at least as high as required, that coverage is effective for at least the license term approved, and that such insurance will not be canceled or terminated without 30 days' written notice served upon the city clerk. Cancellation or termination of such coverage shall be grounds for license revocation. (d) Documents submitted to commissioner. All proofs of financial responsibility and exemption affidavits filed with the city under this section shall be submitted by the city to the commissioner. Additional Information Regarding Liquor Liability Insurance Certificates The name on the insurance certificate must match EXACTLY with the LICENSEE NAME given on the renewal or new application. Example: If the renewal form lists ABC Company, Inc, the insurance certificate must also read ABC Company, Inc., not just ABC Company leaving off the Inc. 2. If your renewal form states the LICENSEE NAME as his or her own name, followed by the trade name, the insurance must list BOTH licensee=s names and the trade name. Example: Mark & Jane Anderson, Anderson's Eatery. The insurance certificate must include both of these names and not just Anderson's Eatery, or Mark Anderson without Jane=s name. The date of expiration for the insurance certificate must match the exact dates of the City's license and show coverage for the ENTIRE LICENSE PERIOD. The license period for the City of Orono is January 1 through December 31. The address on the insurance certificate is the same address as the LICENSED PREMISES. No home addresses. Page 7