APPETITE
MAPFRE is a competitive market for your restaurant risks from small sandwich and pizza shops up to large, fine dining establishments. Liquor Liability coverage is also available with eligibility varying based on type of restaurant. Subject to underwriting review, liquor sales up to 50% of the total receipts can be considered.
- Limited Cooking Restaurants such as sandwich and pizza shops with no fryolators or open flame cooking
- Fast Food Restaurants such as restaurants with no table services but full cooking exposures including fryolators
- Casual/Family Style Dining Restaurants including table service and buffet offerings
- Fine Dining Restaurants with professional chefs on staff, maître’ d service and upscale atmosphere
ELIGIBILITY
- Gross receipts up to $2,000,000 are acceptable; higher amounts can be referred
- Additional price deviations are available with liability discounts ranging from 7% to 20% based on gross sales per location
- Minimum of 3 years in business required
- Property limits available from $500,000 for frame, non-sprinkled structures up to $1,500,000 for other construction types; higher limits can be referred for eligibility
- Common ineligible exposures include: buildings with habitational exposures, hired and non-owned auto liability exposure, bars, taverns, and night clubs
