Hospitality

Hospitality Banner Image

Hospitality

Tokio Marine Specialty will selectively entertain and tailor coverage for establishments within sections of the hospitality industry including the selling, serving, or furnishing of alcoholic beverages.

Target Classes

  • Bars & taverns
  • Beer gardens, microbreweries, & microdistillery
  • Catering halls
  • Comedy clubs
  • Hotels/casinos
  • Restaurants
  • Special events
  • Whiskey bars
  • Wine tasting

Targeted Characteristics include

  • Local establishments
  • Single or multi-location
  • Privately owned or chains
  • Product Liability for brewing exposures or retail sales
  • Restaurant, hotel, theater, and bar exposures
  • Alcohol sales up to 100% of receipts

Unacceptable Classes

  • Nightclubs (may be eligible for monoline property)
  • Gentlemen’s clubs
  • College bars
  • Pyrotechnics

Coverages / Capacity

Commercial General Liability – $1M each occurrence

  • Assault & Battery coverage available up to policy limits for acceptable risks
  • Employee Benefits coverage available
  • Additional Insured – managers or lessors of premises

Liquor Liability – $1M each common cause

Property

  • Commercial property coverage up to $10M per risk
  • Ability to write coastal risks including wind & hail coverage (depending on state and distance to coast)
  • Equipment breakdown including spoilage coverage available as optional coverage
  • Property Enhancement Endorsement available including Money & Securities, Backup of Sewers and Drains, and other additional coverages

Excess Casualty – Up to $25M in limits (Supported and Unsupported)

Financial Security

  • A.M. Best rated A++
  • Standard & Poor’s Assigned A+

Services