Take a look at some of the policies Hospitality Insurance Group wrote in May of 2017 including the type of coverage included, insurance discounts applied and a glimpse at the total insurance premium.
Restaurant in Boston, Mass
Coverage Needed: General Liability and Liquor Liability
Limits: 1M/1M/2M Liquor Liability and 1M/2M General Liability
Total Sales: $2,800,000
Liquor to Food Sales Ratio: 29%
Endorsements: General liability: Hired and Non-Owned Auto; Liquor Liability: GL Assault & Battery Endorsement and Property Damage Endorsement
Discounts Applied: Alcohol Awareness Credit and Mass Restaurant Association
Total Premium: $16,206
Racing Themed Sports Bar Millis, MA
Mono-Line Liquor
1000/1000/2000
$1,347,000 gross receipts
56% Liquor
MRA and Elite discount applied
Annual Premium: $12,041
Mexican Restaurant in Nashua, NH
Mono-Line Liquor
1000/1000/2000
$1,260,000 gross receipts
Optional GL A&B Endorsement
Annual Premium: $10,272
Irish Pub in Winston Salem, NC
Coverage: CP, GL, LL & Excess
Limits: 1M/1M/2M
Total Sales: $2,022,000
Liquor to Food Sales Ratio: 45%
Endorsements: GL A & B, Property Damage, Property Enhancement
Discounts Applied:
Alcohol Awareness Training
North Carolina Restaurant Lodging Association Membership Credit
Total Premium: $20,554
Liquor Liability – Special Event – Bar Mitzvah
Washington Crossing, PA
Limits 1M/1M/2M
# of Attendees 70
Total Premium $416
General Liability & Liquor Liability- New Venture
Westbrook, CT
GL Limits 1M Each Occur/ 2M Aggregate LL Limits 1M/1M/2M
$750,000 Total Sales
33% Liquor Ratio
Discounts Applied – Alcohol Awareness
GL Premium: $4090
LL Premium: $4341
Total Premium: $8431