Source: Cincinnati Financial – Business Insurance
Cincinnati Financial: Restaurants Insurance Appetite
Cincinnati Financial is a strong regional option for restaurants in their operating territory. Their local field underwriters have binding authority, which means faster turnaround than many national carriers. The included equipment breakdown and food spoilage coverage is a nice value-add. Not available in several major states, so check availability first.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Workers' Compensation |
| Commercial Property |
| Commercial Auto |
| Umbrella/Excess |
| Liquor Liability |
Premium Range
$2,000-$12,000
Typical annual premium
Target States
44 states (primarily Midwest, Southeast, Mid-Atlantic – not available in AK, HI, LA, NY, RI, WY)
Key Features
- BOP with equipment breakdown and food spoilage included at no extra charge
- Liquor liability for restaurants with bar service
- Competitive workers' comp rates for restaurant staff in Midwest states
- Local field underwriters with authority to make quick decisions
- Strong agency relationships with fast turnaround on quotes
Limitations
- Geographic limitations – not available in 6 states including New York
- Nightclubs and bars with over 60% liquor revenue are excluded
- Chain restaurants with over 15 locations require home office referral
Compare Other Carriers for Restaurants
$2,500-$12,000
$4,000-$18,000
$3,000-$20,000
$500-$3,000
$1,200-$7,000
$3,000-$20,000
$1,200-$8,000
$3,000-$15,000
$3,000-$15,000
$1,500-$10,000
$2,000-$15,000
$2,000-$12,000
$1,000-$8,000
$2,000-$14,000
$2,500-$15,000
$3,500-$18,000
$2,000-$13,000
$1,800-$11,000
$1,500-$10,000
$3,000-$18,000
$800-$4,500
$5,000-$50,000
$3,000-$25,000
$500-$8,000
$2,000-$15,000