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
Was this article valuable?
Here are more articles you may enjoy.
MMA Sues Former Specialty Marine Head Over Move to Howden US 
Bipartisan Legislation Introduced to Retroactively Restore NFIP 
UBS Warns of Systemic Risk From Weak US Insurance Regulation 
Americans Are Moving Out of Flood-Prone Neighborhoods From This Issue
