The restaurant industry, because of the pandemic, has faced some of its greatest challenges over the last two years. Throughout most of 2020 and into early 2021, the industry made some significant changes and expenditures to keep operations open amid mandates and evolving requirements, including offering outdoor dining, investing in technology for touchless orders and payments, and delivering takeout specials and meal kits. Things have improved since the early days of the pandemic, but ongoing labor shortages and supply-chain pressure are still issues impacting the industry.
Yet with all the sector has had to endure, the resiliency of restaurateurs has been on full display. We see restaurants continue to invest in technology to streamline labor-intensive tasks, simplify menus to deal with supply-chain disruptions, expand delivery options, and more. We also see the insurance industry responding with a tailored restaurant program to meet the sector's needs.
Addressing Liability & Property Exposures
At Integrated Specialty Coverages (ISC), we’re confident in the restaurant industry’s continued success and its ability to pivot as challenges arise. We’ve launched a new restaurant commercial insurance program designed to protect restaurants and related niches against the various exposures they face. Our Restaurant, Bar, Tavern, and Nightclub (RBTN) program provides competitive and comprehensive Liability and Property insurance coverage for your insureds.
Our program footprint spans the country, excluding Florida, New Mexico, Alaska, and DC, and is written with a carrier with an A- rating.
General Liability limits are available at $1 million/$2 million, with Assault & Battery limits up to $1 million and Liquor Liability limits up to $2 million. Property insurance is available up to $1 million TIV with additional coverages available, including Business Interruption, Ordinance or Law, and Equipment Breakdown.
Eligible risks span the gamut – from restaurants with and without entertainment, bars and taverns, craft beer, cigar bars, karaoke bars, rooftop bars, ultra lounges, sports bars without entertainment, wine bars, billiard halls, and liquor stores.
“Our team knows the restaurant industry very well,” said Kathy Szur, ISC vice president of underwriting. “We have more than 50 years of combined restaurant insurance experience, monitor data, and reports released by national and state restaurant associations, and have our pulse on what’s happening in the industry – much more so than many of our competitors. We understand what to look for and the issues the sector is facing, and can help our brokers deliver a flexible program that meets their insureds’ needs.”
Brokers who are already appointed with ISC can submit a completed supplemental application to firstname.lastname@example.org. Once the submission is received, ISC will send receipt confirmation within 24 hours. Your accounts will be in the hands of knowledgeable, experienced underwriters who will assist you in delivering a tailored restaurant program to your clients. To get appointed with ISC, please visit here.