Source: Markel Corporation – Specialty Programs
Markel Corporation: Restaurants Insurance Appetite
Markel is not the first call for a standard restaurant, but becomes essential when a restaurant has adverse loss history, high liquor exposure, or a non-standard concept that admitted carriers won't touch. Their specialty underwriting team can craft solutions that standard BOP programs cannot.
Available Lines
| Line of Business |
|---|
| General Liability |
| Commercial Property |
| Umbrella/Excess |
| Environmental Liability |
| Professional Liability |
Premium Range
$3,000-$18,000
Typical annual premium
Target States
All 50 states (E&S and admitted programs vary by state)
Key Features
- Can write restaurants that standard markets decline
- Liquor liability coverage available for bars and taverns
- Environmental coverage for restaurants with grease traps and fuel storage
- Umbrella/excess capacity up to $10M for larger restaurant groups
- Flexible underwriting for unique restaurant concepts
Limitations
- Pricing may be higher than standard market carriers for clean risks
- Longer underwriting turnaround than admitted BOP programs
- Workers' compensation not available – must be placed separately
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