Recent Wins: A Closer Look at a $3.5M Buffet Restaurant w/ Multiple Locations

Recent Wins: A Closer Look at a $3.5M Buffet Restaurant w/ Multiple Locations

Welcome to Recent Wins! Rainbow’s latest series exploring real life wins with real life agents and their clients (restaurant-identifying information excluded of course). You can explore more real life Recent Wins here!

Let's delve into the details of a recent insurance policy we and a Rainbow agent crafted for a $3.5M Utah Buffet Restaurant.

Insured Snapshot:

Located in Utah, this Buffet Restaurant is a great example of Casual Dining (Commercial Cooking, Table Service) with 0% Alcohol and of how Rainbow wants to see the nuance in every insured--even if their location has a high crime score or they have a claim.  Since the Buffet Restaurant has multiple locations, Rainbow's Underwriting team evaluated each location to make sure it was a fit with the protection Rainbow can offer. For the locations covered by Rainbow, the agent and insured chose Rainbow's Premier Package and added on Cyber Liability.

Why We Won:

The success story behind this insurance policy is a testament to Rainbow's commitment to human-lead, personalized underwriting. Mike Gibbs, Underwriter, took the lead on this risk:

“Agent had 9 locations for his client on a package policy. 3 of the locations were distressed. We worked together to analyze which locations we could take on based on claims history and crime variables. We ultimately wrote 6 out of 9 accounts to win with the agent on this Utah staple. These were the first binds made in the state for Rainbow!”

In essence, it epitomizes efficiency without compromising on efficacy – something Rainbow aspires to deliver with each submission.

In a dynamic landscape where risk lurks around every corner, securing adequate insurance coverage isn't merely a formality but a strategic imperative. For this Buffet Restaurant in Utah, our tailored insurance policy serves as a shield, protecting egg and cheeses and hoagie consumers for generations to come 🥪

Stay informed about the restaurant insurance industry

Sign up for our monthly-ish newsletter.

Similar articles
Rainbow launches Excess Liability in South Carolina

Rainbow has launched its Excess Liability (XS) for South Carolina restaurants.

Read on
Rainbow launches Excess Liability in Michigan

Rainbow has launched its Excess Liability (XS) for Michigan restaurants.

Read on
See what’s happening in your industry.

Get the 2023 Restaurant Insurance Marketing Guide for free.

Get the guide
Get fast & extensive restaurant insurance for your clients
Get appointed