Coverage for bar in Nevada
Posted: Tue Sep 02, 2008 3:12 pm
I have a client that will be opening a high-end wine bar and restaurant in Nevada, on the outskirts of Las Vegas.
We currently insure their bar in CA, but our two most competitive markets that we use do not write in NV, so I am not sure where to go with this one.
We have several E&S markets that can write the risk, but I have been told that there are some standard carriers in NV that are writing this class of business much more competitively than E&S carriers.
The insured is projecting gross receipts of $4.5M, with 70% of sales from beer, wine and liquor. No dancing, catering or delivery. No adult entertainment exposure.
We are not too familiar with the NV market for this class of business, so any input would be appreciated!
We currently insure their bar in CA, but our two most competitive markets that we use do not write in NV, so I am not sure where to go with this one.
We have several E&S markets that can write the risk, but I have been told that there are some standard carriers in NV that are writing this class of business much more competitively than E&S carriers.
The insured is projecting gross receipts of $4.5M, with 70% of sales from beer, wine and liquor. No dancing, catering or delivery. No adult entertainment exposure.
We are not too familiar with the NV market for this class of business, so any input would be appreciated!