Restaurant/Fast-Food Underwriting Guidelines

Franchise – Fast Food – Donut Shops – Diners – Delis – Take Out
 

Fine & Casual Dining – Sandwich Shops – Pizza Parlors

• Wet-foam fire suppression (UL300 standard) with verified maintenance agreement with at least semi-annual service.
• No frame buildings without sprinklers!
• No unprotected business!
• No business less than 2 miles from water.  If less than 2 miles, submit for approval excluding wind.
• No liquor sales more than 25% of total sales.
• Central station alarm preferred.
• No restaurant other than diners and fast food open past 1 AM.
• No bars, taverns or inns!
• No restaurants located in habitational buildings.
• No risk with three-year loss ratios over 40% or where there is evidence of frequency of losses.
• No risks that do not have at least three years of hard copy loss runs.
• Only incidental catering and banquets.
• No delivery exposure.
• No new ventures, unless prior experience.
• Minimum $1,000 property deductible.
• Risk of $50,000 or more in premium need at least 60 days lead time.
• Fully completed Acord applications, three years of hard copy loss runs.
• Both sales and public square footage should be provided as the determination of premium varies by carrier.
• All buildings 25 years and older must have plumbing, heating and electric updated within 10 years and roof updated within 20 years.
• Misrepresentations of the submission information will not be tolerated!  This is vital and will be monitored.
• Any new policies that are written where major loss control recommendations are ignored will be cancelled and not reinstated.