Annual beer licensees must have insurance if required by state law. Those annual beer licensees which are required to purchase liquor liability insurance; all temporary beer licensees; and all intoxicating liquor licensees shall be required to purchase liquor liability insurance in a minimum amount to be set from time-to-time by resolution of the City Council. If insurance is required either by state law or by the Worthington City Code, prior to the issuance of the license under this section, the applicant shall file proof of such financial responsibility as may be required by state law and the city code with the City Clerk and which shall be subject to the approval of the Council. The insurer issuing such liability insurance policy shall be duly licensed to do business in the State of Minnesota as required by state law. The liability insurance policy shall specifically provide for the payment by the insurance company on behalf of the insured of all sums which the insured shall become obliged to pay by reason of liability imposed upon the insured by law for injuries or damage to persons other than employees, including the liability imposed upon the insured by reason of any Minnesota Statute. Such liability insurance policy shall further provide that no cancellation, for any cause other than nonpayment of premium, can be made by either the insured or insurer unless the canceling patty has first given 30 days’ notice in writing to the issuing authority of intent to cancel the policy. Further, it shall provide that no payment of any claim by the insurance company shall, in any manner, decrease the coverage provided with respect to any other claim or claims brought against the insured or company thereafter. Such policy shall be conditioned that the insurer shall pay, to the extent of the principal amount of the policy, any damages for death or injury caused by, or resulting from the violation of any law relating to the businesses for which such license has been granted.
(Ord. 1047, passed 10-10-11; Am. Ord. 1182, passed 6-27-22) Penalty, see § 10.99.