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
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