Caterers and Bartenders Are Serving Up More Opportunities
According to the Wedding Report, an estimated 2.5 million weddings will take place this year, the largest number since 1984. The Wedding Report further estimates spending levels will rise to just under $25,000 per wedding.
Other life events, such as birthday parties, graduations, showers and bar/bat mitzvahs are also on the rise. This surge in events has increased the demand for vendors like caterers and bartending services and created opportunities for new entries into the industry.
Catering is a $10.6 billion industry in the U.S., and it is expected to grow to just over $13 billion in the next five years. Food requests, like locally sourced, vegetarian and healthy options have caterers in demand by those hosting events. As a result, many new ventures are seizing the opportunity and the low barrier of entry. Caterers who market themselves effectively and capitalize on the current trends will benefit from the booming industry.
Similarly, bartending services are growing in popularity. In particular, the mobile bartending industry is on the move! With people looking to provide their party guests with more unique experiences, these adorable mobile trucks or trailers are quickly becoming must-haves at graduations, engagement parties, bridal showers and wedding receptions. The decked-out trailers come complete with a fully stocked bar, special drink options, a full-service bartender and more.
At USLI, we offer a full menu of coverage options to meet your catering and bartending insurance needs.
Liquor liability: USLI is an A.M. Best A++ rated carrier that has specialized in liquor liability for over 35 years. We can consider licensed and unlicensed caterers.
General liability: We offer competitive minimum premiums and can consider hired and non-owned auto coverage.
Inland marine and property: We can cover scheduled and unscheduled equipment. We can also write property coverage at a scheduled location.
Commercial Excess/Umbrella: We offer limits of up to $5 million over general liability, hired and non-owned auto and employers liability.
Additional highlights of our products includes:
- Blanket additional insured available
- Assault or battery coverage included
- Expense costs outside policy limits
At USLI, we believe in quality and a great customer experience. Our focus on accessibility and service means we are available to help you with your accounts. Please think of us for your catering and bartending needs.
As always, thank you for your support and business.
Contact Patrick Bethel,
Senior Vice President, Product Team Leader | 888-523-5545 Ext. 2564
Written by Cheryl Ryan