Party Alcohol Liability Insurance in Ontario
Hosting a party? Party Alcohol Liability (PAL) Insurance coverage is a good idea if you are hosting an event such as a wedding reception, stag and doe, cocktail party or a banquet where alcohol will be served. When holding these types of events remember that a valid liquor licence must be obtained from the Liquor Control Board of Ontario.
If you are renting a facility such as a banquet hall, you may be required to carry insurance as part of your rental agreement. Carefully review your rental contract to confirm if you are responsible for this type of insurance.
Things to Consider When Purchasing Party Alcohol Liability Insurance
If you are planning to host an event in a venue that’s open to the public, it is strongly recommended that you cover yourself against any potential liabilities. Many venues will actually require you to have party alcohol liability coverage before letting you rent the space out, so it’s important to speak with your venue before starting on any plans. Even more private venues (like an event on your own property) can lead to mishaps owed to alcohol consumption and it’s always best to play it safe and have protection in case any legal issues arise from your event.
How Much Liability You’ll Need
The bigger the event, or the more guests you are expecting, the more liability you might need. Different policies will offer liability insurance limits that vary by millions of dollars. At Morison Insurance, we’ll factor in all the elements of your event to ensure that you’re properly covered but not spending more on PAL insurance than you actually need.
Party Alcohol Liability Insurance FAQs
At Morison Insurance we know that policies can be confusing. If you have questions, you’re not alone! In fact, we’ve listed some of the most commonly asked questions we receive from our clients. If you don’t have time to give us a call today, take a look below to see if any of these answers apply to your car insurance questions.
What’s a Party Alcohol Liability insurance deductible?
If you ever experience damage, loss or legal issues due to the event that you are hosting and have resultant repairs or replacements, the deductible is the amount of the cost that you’ve agreed to cover on your own before your insurance company covers the rest. Very often, a standard deductible is about $500. For example, if you run into legal fees after your event and you need to pay a lawyer $10,000 for assistance, you will have to pay $500 and the insurance company will cover the remaining $9,500.
How is a PAL insurance premium calculated?
The heaviest weighted factors are the number of guests at your event, whether there will be minors and how much liability you are requesting to have coverage for.
I’m hosting a wedding on my own property. Do I need PAL insurance?
You are not legally required to have PAL insurance, but it is strongly recommended. On a special day like your wedding in particular, you want everything to run smoothly and only be left with beautiful memories, not debt due to a lawsuit. Protect yourself and be in the clear!
What are the requirements to obtain PAL insurance?
You will first need to have a liquor license for your event.
Where can I get a PAL insurance quote?
At Morison Insurance we are more than happy to help you get the insurance policy that’s right for your coverage needs as well as your budget. You can obtain an online quote here or give us a call at 1-800-463-8074.
What is Party Alcohol Liability Insurance?
Party Alcohol Liability Insurance protects against lawsuits brought against individuals, organizations or companies who host functions that serve alcohol. Party Alcohol Liability Insurance can also extend to any activity an inebriated guest may get into that causes problems, as a result of consuming alcohol at your event.
Who Needs Party Alcohol Liability Insurance?
Anyone hosting an event where alcohol is served should ensure they are adequately protected with Party Alcohol Liability Insurance. This could include parties, stag and does, corporate events, company tournaments, Christmas parties, special events, weddings and wedding receptions, as well as any other events where alcohol is served.
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