CRC|Crump is pursuing more liquor liability business and underwriters are especially interested in business involving bars, restaurants, night clubs and casinos.
PRODUCT: Liquor liability
COMPANY: Various U.S. and London markets including Markel, Scottsdale, Hiscox, Beazley Lloyd’s Syndicate #623 (admitted and non-admitted)
BEST RATING: A
AVAILABILITY: Independent agents and brokers can access policies through wholesaler CRC|Crump. Doing business through the program manager, retail agents receive commissions of approximately 10%.
FOCUS: CRC|Crump is pursuing more liquor liability business and underwriters are especially interested in business involving bars, restaurants, night clubs and casinos because “those with mechanical bulls and such are the types of accounts where standard markets don’t usually compete with us,” according to Josh Chassman , senior vice president and casualty broker at CRC|Crump.
UNDERWRITING: Producers can arrange liquor liability monoline, but CRC|Crump would prefer seeing submissions with various liability coverages such as general liability, assault and battery and sexual abuse and molestation. Primary liquor liability limits generally run $1 million, although higher limits can be arranged via excess. Deductibles usually surpass $500. Auto, workers comp and other coverages can be arranged.
MINIMUM PREMIUM: Varies by risk.
TARGET: A wide range of hospitality industry risks including hotels, motels, bars, restaurants and night clubs.
COVERAGE TERRITORY: All states.
CONTACT: Josh Chassman , senior vice president and casualty broker, CRC|Crump, 50 California St, Suite 2000 SF, CA 94111; 415-675-2237; josh.chassman@crumpins.com; www.crumpins.com.
Ron Lent is an IA contributor.
