SAN FRANCISCO--(BUSINESS WIRE)--Rainbow, the leading small business insurance platform built for independent agents, today announced the launch of its Excess & Surplus Lines (E&S) Business Owner’s Policy (BOP) for restaurants in California and Texas. The new program is live and available for quoting, marking a major milestone in Rainbow’s evolution - expanding its capacity, flexibility, and underwriting appetite to better serve agents and restaurant owners in today’s challenging commercial insurance market.
Building on the success of its admitted restaurant program, which is now active in nearly 40 states, Rainbow’s non-admitted BOP allows the company to say “yes” to more risks - particularly those with unique operational characteristics or harder-to-place exposures. The E&S program offers fast digital quoting, simplified direct billing, robust coverage availability, and seamless transitions between the admitted and non-admitted platforms, all powered by Rainbow’s proprietary underwriting technology.
“Launching our E&S BOP is a natural next step in broadening our restaurant program’s appetite in pursuit of our mission to deliver the first stop for all food and beverage risks — all in a way that hasn’t really been available before in small commercial. The quoting process is completely seamless for our agents,” said Bobby Touran, CEO and Co-founder of Rainbow. “We’re proud to give our agents and partners another powerful way to win - expanding our ability to serve restaurant clients quickly, responsibly, and with the same precision and care that define our admitted programs.”
Rainbow’s non-admitted BOP program for restaurants is built to accommodate a wide range of risk profiles - from older buildings and claims experience to insureds with live entertainment exposure and late night hours - all delivered through the company’s digital platform designed for speed and accuracy. The program is written on Sierra Specialty Insurance Company paper, rated A- (Excellent) by AM Best with a Financial Size Category of XV, and will initially be available to independent agents in California and Texas, followed by Florida — marking Rainbow’s first expansion into the Sunshine State. The program will be open to agencies actively writing in those states, with rapid expansion into all 50 states planned for early 2026.
“Restaurant owners face unique challenges — and sometimes, those challenges make it difficult to find coverage even in otherwise healthy accounts,” said Brennen Grone, EVP of Sales at Rainbow. “This expansion lets our agents — in two of our most impactful states — meet those moments head-on, with a faster, more flexible option that doesn’t sacrifice coverage or require premium financing.”
“Rainbow’s E&S launch underscores our commitment to underwriting excellence and sustainable growth,” added Brett Saternus, EVP of Risk at Rainbow. “By keeping the same disciplined approach and data-driven underwriting framework that define our admitted programs, we’re ensuring that this expansion strengthens our offering and our portfolio alike.”
