Newly Launched: Preferred Restaurant

Hospitality and Liquor
// December 8, 2016
Reading Time: 2 minutes


The food revolution in America has improved our eating habits, fueled competitive cooking shows on network television and expanded the range and quality of dining options. To date, we have not capitalized fully on the expanding restaurant and dining scene, as our traditional book of business focused on lower-end and smaller establishments.

In a continuing effort to expand our restaurant book of business, USLI is now offering a cost competitive Preferred Restaurant product with exceptional terms and conditions. The product is currently admitted in NJ and PA.

USLI has written restaurant coverage for many years through our standard product, and we will continue to write this business. The Preferred Restaurant product fills a market opportunity to improve our book of business offering premium discounts (including package discounts) for risks with superior characteristics. The product is available to restaurants meeting the following overall criteria:

  • Alcohol sales up to and including 50 percent of total sales
  • Establishments with total annual sales of $250,000 or greater
  • Establishments in business for two or more years
  • Risks without major entertainment

Once a restaurant meets this overall eligibility criteria, further product-specific credits are available if the risk meets additional product-specific eligibility criteria (e.g., for general liability, the establishment must not have multiple levels with public access and may not have a bouncer). Because detailed underwriting is required to qualify, we prefer to write this product using a completed application. The more information we have, the greater the likelihood that we can discover the maximum credit for the risk.

The Preferred Restaurant product also offers the following enhancements:

  • Value Plus endorsement included at no charge
  • Theft coverage included
  • Property values of up to $3,000,000 eligible (increased from $1,500,000)
  • Available on a package basis with package credits
  • More favorable pricing and a wider range of available credits on all lines of business

Our new product improves the pricing that you can offer to your customers for appropriate risks. We look forward to quoting for any NJ or PA applicant that you feel may qualify. Please contact your Hospitality and Liquor Lines underwriter for more information or a quote.


As always, thank you for your support and business!

JeffEstabrookWritten by Jeff Estabrook
December 8, 2016

Karen-FordContact Karen Ford,
Second Vice President, Product Team Leader | 888-523-5545 Ext. 2391