Restaurant & Bars

Liquor liability coverage can be difficult to place, particularly if the account is considered a high-hazard operation, if there is a loss history, or if there is little to no prior insurance coverage.

As liquor liability premiums rise and coverage options shrink, agents can help clients navigate a complex market.

“I’m a firm believer that you should do what you love, and while I love insurance, I also love eating, experiencing new restaurants and talking to restaurant owners,” says independent agent Jimi Honochick.

The special events market has evolved since the coronavirus pandemic, as attendees now have new expectations for events, pushing organizers and the insurance industry to do more.

For agents operating in the market, it’s imperative to understand the transformation that has taken place since the coronavirus pandemic, including changes to event formats, event planning, and audience expectations.

Ghost kitchens are a growing trend, fueled by celebrities like MrBeast and Mariah Carey, but these non-traditional food service businesses bring unique exposures that don’t always fit into standard restaurant policies.

As restaurants deal with increasing premiums, reduced underwriting capacity and labor challenges, strategies can improve insurability and potentially lower premiums.

Fourth of July celebrations involve grilling, fireworks and outdoor gatherings. But behind the red, white and blue is a spike in risk.