Hospitality Program

Nuts & Bolts:
Venture Insurance Programs added “Venture Hospitality,” to its hospitality program to complement its workers’ compensation products. The package is ideally suited for full-service restaurants, hotels and resort properties, and is available in all states. Hanover’s underwriting requirements include specific guidelines for coastal properties, and ineligible risks that include: Fast food and 24-hour restaurant operations; bars and nightclubs; restaurants with cooking at customer tables; independently-owned motels; and select ancillary operations including skiing, diving boards, horseback riding and day care facilities. Hospitality risks will have access to Venture’s risk management services including loss control and claims management specifically designed for the hospitality industry. Currently, it also includes a workers’ comp product designed exclusively for the hospitality industry. Workers’ comp coverage is provided through Alea North America Ins. Co. and the Chubb Group of Ins. Cos.

Dollars: Property limits go up to $20 million per location, general liability available on a mono-line basis, liquor liability, commercial auto and umbrella coverage limits go to $25 million. Minimum premium is $100,000 for any one or all-lines, with deductible options available.

Carrier:
The Hanover Ins. Co., rated “A-” XII by A.M. Best.

States Available:
All.

Contact:
Annamarie Keen, (800) 282-6247 ext. 278, or www.ventureprograms.com.