RAinbow BlOG

Rainbow's Business Owner’s Policy (BOP) for restaurants is live in Utah! 

Here at Rainbow, we take our mission to build a superior restaurant BOP just as seriously as Utahns take their kitchen dish ware. The dutch oven is an official Utah state symbol, home to more Dutch ovens per capita than any other state, and headquarters to the International Dutch Oven Society.

Rainbow helps restaurant owners effectively navigate the rises and falls of the industry and make informed decisions about insurance coverage, and is 100% built for restaurants. 

Rainbow agents offer restaurant owners: 

• Diverse payment plan options that fit every restaurant’s needs, including monthly, annual, and the industry’s first Pay-As-You-Go BOP
• Discounted premiums for demonstrating safe business practices
• Credits for affinity memberships that promote improved loss control
• Free access to training and safety resources

Rainbow agents empower restaurant owners to evolve their operations to address the new set of risks present in the space and navigate the shift to digital technology. Rainbow can work with a restaurant owners’ existing agent or refer them to one of our preferred restaurant experts. 

If you’re an agent looking to partner with Rainbow, get appointed here. You’ll be connected with Brandi, Rainbow’s manager of business development.

It's official: Rainbow's Business Owner’s Policy (BOP) for restaurants is live in Indiana! 

Speaking of fish, did you know, Indiana is home to the world's first goldfish hatchery? Founded in 1899, Grassyfork Fisheries made Martinsville, IN "The Goldfish Capital of the World."

Rainbow helps restaurant owners effectively navigate the tides and rapids of the industry and make informed decisions about insurance coverage, and is 100% built for restaurants. 

Rainbow agents offer restaurant owners: 

• Diverse payment plan options that fit every restaurant’s needs, including monthly, annual, and the industry’s first Pay-As-You-Go BOP
• Discounted premiums for demonstrating safe business practices
• Credits for affinity memberships that promote improved loss control
• Free access to training and safety resources

Rainbow agents empower restaurant owners to evolve their operations to address the new set of risks present in the space and navigate the shift to digital technology. Rainbow can work with a restaurant owners’ existing agent or refer them to one of our preferred restaurant experts. 

If you’re an agent looking to partner with Rainbow, get appointed here. You’ll be connected with Brandi, Rainbow’s manager of business development.

If you love cherries, lake effect snow, and can pronounce "Mackinac" properly without thinking, you're in good company. We’re thrilled to announce the launch of Rainbow's Business Owner’s Policy (BOP) for restaurants in Michigan! 

Rainbow helps restaurant owners effectively navigate the evolving landscape of the industry and make informed decisions about insurance coverage, and is 100% built for restaurants. 

Rainbow agents offer restaurant owners: 

• Diverse payment plan options that fit every restaurant’s needs, including monthly, annual, and the industry’s first Pay-As-You-Go BOP
• Discounted premiums for demonstrating safe business practices
• Credits for affinity memberships that promote improved loss control
• Free access to training and safety resources

Rainbow agents empower restaurant owners to evolve their operations to address the new set of risks present in the space and navigate the shift to digital technology. Rainbow can work with a restaurant owners’ existing agent or refer them to one of our preferred restaurant experts. 

If you’re an agent looking to partner with Rainbow, get appointed here. You’ll be connected with Brandi, Rainbow’s manager of business development.

Tired of being pushed to email with your underwriting questions, then waiting days for a response? Not in this house!

Rainbow is revolutionizing the commercial insurance industry with its proprietary AI underwriting assistant, Rainbow Roy. 

With this innovative tool, agents are able to receive unparalleled underwriting response times. Rainbow Roy instantly presents Rainbow’s Underwriting team with all relevant submission information, allowing them to respond to referral requests within seconds, saving agents and policyholders valuable time.

In addition to its impressive speed, Rainbow Roy also helps agents ensure their submissions are accurately classified and meet Rainbow's eligibility criteria. This means agents can be confident that the quote they receive is accurate and fully bindable. This is a game-changer for small businesses, particularly those in the restaurant industry, as restaurant owners often need the best policy at the best price, same day.

Rainbow's mission is to help prevent claims for its policyholders by utilizing data and individualized unique user experiences. We develop insurance products that reward small business owners for acting prudently and putting safety first. With Rainbow Roy and our commitment to proactive risk management, Rainbow is poised to become a leader in the small commercial insurance market.

We’re thrilled to announce the launch of our Business Owner’s Policy (BOP) for restaurants in Texas! 

Rainbow helps restaurant owners effectively navigate the evolving landscape of the industry and make informed decisions about insurance coverage, and is 100% built for restaurants. 

Rainbow agents offer restaurant owners: 

• Diverse payment plan options that fit every restaurant’s needs, including monthly, annual, and the industry’s first Pay-As-You-Go BOP
• Discounted premiums for demonstrating safe business practices
• Credits for affinity memberships that promote improved loss control
• Free access to training and safety resources

Rainbow agents empower restaurant owners to evolve their operations to address the new set of risks present in the space and navigate the shift to digital technology. Rainbow can work with a restaurant owners’ existing agent or refer them to one of our preferred restaurant experts. 

If you’re an agent looking to partner with Rainbow, get appointed here. You’ll be connected with Brandi, Rainbow’s resident Texan and manager of business development.

Summary

Tony Cañas from the Profiles in Risk podcast chats with Bobby Touran, Co-Founder at Rainbow. Rainbow is a modern underwriting company focused on small businesses. They focus on underwriting by being very specialized, currently in the food and beverage industry, primarily restaurants.

About Bobby

Bobby Touran is changing the business of restaurant insurance with UseRainbow.com, where he and his team are building custom insurance products for the restaurant industry and proudly using independent agents for distribution.

About the Profiles in Risk Podcast

Insurance Nerds’ Profiles in Risk podcast aims to bring an informative, fun and sometimes irreverent look at the insurance industry. Profiles in Risk is the only recurring podcast dedicated to Insurance Careers, InsurTech Startups and Analysis of Insurance Current Events.

Summary

Listen to this podcast from Insurance Nerds featuring Rainbow CEO, Bobby Touran. Bobby is a serial Entrepreneur, he and Broker Brett from Insurance Nerds get into the restaurant industry, their shared experience in the space, new innovative risk management ideas specific to the restaurant industry, and the startup environment in Summer 2023.

About Bobby

Bobby Touran is changing the business of restaurant insurance with UseRainbow.com, where he and his team are building custom insurance products for the restaurant industry and proudly using independent agents for distribution.

About Insurance Nerds

Insurance Nerds' co-founders, Carly Burnham and Tony Cañas, worked at Nationwide Insurance where they met while helping to build a new chapter of the Gen Y Associate Resource Group (young professional group) in the Des Moines, Iowa office. They used the Gen Y ARG and Yammer, Nationwide’s in-house social network, to help young insurance professionals grow in their career and to write about the future of the industry. When they both moved on to other companies, they missed the work of helping fellow insurance professionals grow and decided to continue it at an industry wide scale, and thus, in late 2014, InsNerds was born.

We started Rainbow with a mission to improve small commercial insurance, and by extension improve the operations of local entrepreneurs. We set out to develop customer-centric insurance that rewards operators for putting safety first, with pricing that automatically evolves with a business’s natural ups and downs. Our first offering is an admitted business owner’s policy (BOP) tailored specifically for the restaurant industry. 

Overall, our approach builds on 4 key pillars:

• Focusing on preventing and avoiding claims, because claims aren’t good for anyone.
• Modernizing insurance by redeveloping the core parts of an insurance transaction, and improving affordability for insureds (business owners) through tailored coverages.
• Empowering small businesses with the resources and guidance to run a safer business, and rewarding them for taking steps to improve their safety.
• Being the easiest and most pleasant market for the agents we work with.

We strive to offer the best end-to-end experience in the industry for small commercial insurance, and our software engineering goes well beyond quote, bind and issue capabilities.

We are Rainbow! 

Shalom, Jamie, Bobby

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