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

This bill, if passed, would require certain businesses selling alcohol by the drink in New Jersey to carry $500,000 in alcoholic beverage liability insurance. It directly affects license holders for specific types of alcohol sales, including breweries (like craft distilleries and cideries), wineries, retail stores (including seasonal and club licenses), and temporary permit holders like those at sports facilities or casinos. Businesses must provide proof of insurance within 60 days of enactment and annually with license renewals. Failure to comply could result in license suspension or revocation. The bill is currently pending in the Senate Commerce Committee (introduced January 2024, reported May 2024).