Rainbow launches restaurant insurance coverage program in California

Amid the mass provider pullback within the state, a managing normal underwriter (MGU) has unveiled a brand new program for eating places in California.

Rainbow has unveiled its admitted restaurant insurance coverage program, positioning the agency in a vital market at a time when a number of conventional carriers have scaled again or withdrawn their providers.

The introduction of Rainbow’s tailor-made restaurant insurance coverage program goals to help insurance coverage brokers going through a shortage of choices within the state’s insurance coverage panorama.

Liiiiive from CA, it is RAINBOW INSURANCE *crowd goes wild* 🌈 👏 😎 https://t.co/rHZStN82aB

— Rainbow Insurance coverage (@UseRainbow) February 27, 2024

Rainbow’s program caters to a variety of institutions throughout the meals service trade, from small espresso retailers to upscale eating venues, providing key restaurant-specific coverages that may be tailor-made.

The corporate’s on-line quoting platform allows brokers to entry premium credit for insureds affiliated with sure memberships or these demonstrating efficient threat administration practices.

Rainbow CEO and co-founder Bobby Touran emphasised the corporate’s dedication to providing a holistic insurance coverage resolution.

“We hear from brokers day-after-day that they love our complete providing: our customizable enterprise insurance coverage that comes with personalised customer support, skilled and responsive underwriting, and our best-in-class digital expertise,” Touran mentioned.

He expressed enthusiasm about increasing Rainbow’s partnerships with companies all through California, noting the corporate’s pleasure about serving its house state.

With its growth into California, Rainbow now operates in 15 states throughout the USA, providing its enterprise proprietor’s coverage. The corporate has additionally just lately expanded its product line to incorporate extra legal responsibility protection in chosen states.

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