Small Restaurants
Nuts & Bolts: London American has unveiled a new Small Restaurant program. The new program will target independently owned small restaurants, fast food restaurants, and refreshment stands. The exclusive program is underwritten in-house and is written on a “BOP-like” form. New competitive rates; quick turnaround (underwritten in-house); new ventures acceptable with management experience; up to 2,500 square feet acceptable with table service; up to $500,000 TIV per location available; liquor liability sales up to 35 percent of gross receipts with table service; optional coverages available: sign, employee dishonesty, employee benefits, catering, non-owned auto, spoilage-contamination & power outage, primary wording, waiver of subrogation. Newly acquired property (building); newly acquired property (contents); accounts receivable; computers; demolition & ICC; extra expense; fine arts, and more.
Carrier: Written on a non-admitted basis with an A XV insurer.
States Available: California.
Contact: Greg Liewald, (858) 547-9000
- A Timeline of Developments in AI Safety Since the Attack on Hugging Face
- Insurance Executive Killed His Wife, Daughter, Then Himself, NJ Township Police Say
- AI Bubble Risks Worst S&P 500 Crash Since 2008, Strategist Says
- Two Past Hurricanes, OIR Data Give Idea of What to Expect From Isaias in Florida