restaurant insurance News

District of Columbia Drops Additional Insurance Requirement for Outdoor Dining

The District of Columbia is withdrawing a proposal to boost the insurance requirement for sidewalk cafes, parklets, streateries and other dining and drinking businesses applying for public use permits. According to Councilor-at-Large Robert C. White, Jr., the city’s Office of …

Markets/Coverages: Palisade Legal Risk MGU; Tokio Marine Kiln IP Abatement; Marsh Cybersecurity Marketplace

Palisade Partner Launches Specialty Managing General Underwriter Palisade Insurance Partners, a specialty managing general underwriter, has been launched with plans to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S. and International markets. …

Denial of Restaurants’ Claim Upheld in First Covid-19 Ruling by a New York Appeals Court

An insurer has been upheld in its denial of coverage in a first ruling on Covid-19 business interruption insurance by a New York appellate court. The appeals court upheld a New York county court—and said it agreed with various other …

WestPro Insurance Partners with Obsidian on Bars, Taverns, Restaurants Program

Managing general underwriter WestPro Insurance Services has formed a program partnership with Obsidian, a hybrid fronting program carrier. WestPro, a division of Platinum Specialty Underwriters, targets neighborhood bars, taverns, and restaurants with liquor sales, both with and without entertainment, and …

Argo Checking Out of Grocery, Restaurant and Other Retail Insurance Lines

Specialty insurer and reinsurer Argo Group International is exiting the grocery and retail lines of business, which include providing general liability and self-insured retention risk management programs for grocery stores, convenience stores, restaurants and other retail businesses. The company said …

Exiting Insurers, Premium Hikes Frustrate Canada’s Struggling Hospitality Industry

Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the space, citing losses and the sector’s risks. Even before COVID-19, insurers globally were …

Claims for Business Income Loss Due to Construction Dust Denied in Pre-COVID Case

In an opinion that could inform coronavirus business interruption claims now before various courts, a federal appeals court has ruled that a Florida restaurant is unable to collect on its insurance for business interruption losses that it says were caused …

‘Barista Wrist’ Among Restaurant Industry’s Highest Lost Time Injuries

Restaurant workers miss about a month from work from a variety of injuries, on average, but for coffee shop workers, wrist injuries are the biggest danger. In fact, Barista Wrist, can keep café workers sidelined for more than a year. …

How to Deliver Restaurants from Risks of Take-Out Boom

With a growing number of apps and on-demand services, millennials in particular are increasingly ordering take-out food from their favorite restaurants. As more restaurants expand services into delivery, risk managers must be mindful about vehicle exposures and aggressively manage not …

ProHost Launches Wine Valuation Endorsement for Restaurant Wine Collections

ProHost USA, a national program administrator specializing in restaurant insurance, is rolling out a property insurance coverage valuing bottled wine at its selling price rather than at replacement cost. The new endorsement will give restaurants the advantage of covering the …