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Hospitality Insurance Group provides liquor liability insurance coverage for restaurant establishments in Massachusetts, Connecticut, New Hampshire, North Carolina, Pennsylvania, Rhode Island and Vermont.
When your business serves or sells liquor, it’s always best to play it safe. At Hospitality Insurance Group (HIG) we seek to provide the best liquor liability insurance coverage possible to protect establishments in what is known to be a high-risk industry.
We offer commercial property, general liability,liquor liability and excess policies to owners of establishments that serve or sell liquor including bars, taverns, restaurants, social clubs and liquor stores, as well as caterers and other qualified businesses. We also offer a Business Owners policy to insure liquor stores, convenience stores and restaurants with or without alcohol sales.
For Independent Insurance Agents looking to sell insurance to their clientele in the restaurant industry, we offer attractive commissions and the ability to reach a largely untapped market.
For bar and restaurant owners, liquor store owners, social clubs, caterers and other business owners with the potential for liquor liability, we offer affordable, comprehensive coverage, with add-ons for assault and battery and property damage.
OUR BOP PROGRAM!!!
Our NEW BOP program is now available!
We’ll now be able to compete for your BOP business! For years we’ve had to pass on quoting against BOP programs because of coverage and pricing issues. Those days are gone and we welcome the opportunity to write your BOP business.
In general, our BOP program includes the following classes:
- Restaurants, with or without alcohol sales
- Package/liquor stores
- Convenience stores – no gas
- Commercial condominiums
- Many main street retail classes.
Our new agency portal for BOP quoting and referral is up and running. Agents now have quote and referral capability for BOPs and Bop type Liquor Liability. If you haven’t attended one of our training classes yet, or tried the portal, you can view the taped training session on this page in the Agents tab. If your agency has a large commercial lines staff we can set up a personalized training session – just let your marketing contact know.
Future enhancements will include access to other information such as policy documents, billing information and loss runs.
Quoting Procedure Changes – Post Covid Effective 4/1/22
We will be returning to requiring sales verification on all business with an effective date of 4/1/22 and later. Sales verification information should be for a period that ends no earlier than two months prior to the effective date. For example, a policy with a new/renewal effective date of 4/1/22 should have sales verification for twelve months that ends with either February or March of 2022. A policy renewing on May 1, 2022, should have twelve months of sales verification that ends with either March or April of 2022, and so on for each following month.
For Renewal business effective 4/1/22 or later – If renewals are received with no sales verification, we will be using Pre Covid sales and increasing them by 20% in order to provide you with a quote. IMPORTANT – Should you wish to receive a revised quote using actual verified sales, please provide us with the verified sales for a period as described above and we will be happy to review and revise your quote based on those numbers. REMINDER – Send all renewals to Renewals@hmic.com
New Business effective 4/1/22 or later – We will quote new business “subject to” receiving actual sales verification per the guidelines mentioned above. Reminder – Send all new business to firstname.lastname@example.org
“PAY AS YOU POUR”
OUR NEW EXCLUSIVE FINANCING PROGRAM FOR YOUR LIQUOR LIABILITY CLIENTS
Pay as you Pour is an exclusive financing option offered by Hospitality Insurance Group and First Insurance Funding for liquor liability policyholders. A signed premium finance agreement with First Insurance Funding is required to participate in the program and the business must have a verifiable sales tracking system. Policyholders report actual sales data bi-monthly through the First’s Pay as you Pour portal. Eligible POS system users can have sales data automatically reported for them. This program is now available for new and renewal business.
Some of the highlights of the program include:
- A down payment of only 10%
- Attractive finance rates
- Improved cash flow – payments are based on actual monthly sales
- An easy-to-use on-line reporting portal
- Easier to renew – no chasing down last year’s sales – we already have it
Watch this video of our Pay as you Pour webinar to learn more about the program.
All Under One Roof
Full menu coverage options all under one roof. Offering CPP, LL, GL and Excess Coverage
Pay Your Premium Online
Hospitality Insurance Group is excited to announce that we’ve recently partnered with Xpress-pay, a leading ePayment solution provider, to provide our policyholders with a faster, more convenient way of making premium payments. We’re confident this will be a great addition to the service we provide you!