Requires person with an alcoholic beverage license to carry alcoholic beverage liability insurance under certain circumstances.

This bill requires businesses with New Jersey alcoholic beverage licenses (Classes A through E) to carry specific liability insurance covering alcohol-related incidents. It applies directly to bars, restaurants, and other licensed establishments serving alcohol. The key provision mandates either dedicated alcoholic beverage liability insurance or a commercial general liability policy that explicitly covers alcohol liability. This replaces any existing requirement that might have allowed broader policies without specific alcohol coverage. The law takes effect 90 days after enactment.