Ideal Accounts and Appetite
This program is crafted for fine dining restaurants that maintain elevated service standards and controlled environments. Eligible classes include:
- Fine dining restaurants
- White-tablecloth establishments
- Steakhouses
Acceptable risks may serve up to 65% liquor—provided they maintain an appropriate wine list—and can host limited entertainment such as acoustic sets or jazz trios up to two times per week.
You might have a client running a high-end steakhouse with valet parking and occasional live music. With proper controls in place, this type of account could be an excellent fit for Axiom’s appetite.
Coverage Highlights and Advantages
Axiom offers a broad suite of coverages to meet the varied exposures of fine dining operations. Coverage and limits include:
General Liability
- $1,000,000 Each Occurrence
- $2,000,000 General Aggregate (excluding Products/Completed Ops)
- $2,000,000 Products Completed Operations
- $2,000,000 Personal and Advertising Injury
- $500,000 Damage to Premises Rented to You
Liquor Liability (Available as Package or Mono-Line)
- $1,000,000 Each Common Cause
- $2,000,000 Aggregate (per-location aggregate applies)
Optional Coverages
- Assault and Battery
- Defense Outside the Limit of Liability
- Combined Single Limit
- $1,000,000 Hired and Non-Owned Auto Liability
- Valet Parking
- $5,000 Medical Payments (Fine Dining Only)
- Umbrella/Excess Limits up to $10 Million
- Additional Insureds
- Employment Practices Liability
- Property Coverage (subject to Coastal Wind Exclusions)
- Business Income (subject to Coastal Wind Exclusions)
- Food and Beverage Spoilage
- Equipment Breakdown
Underwriting Notes and Minimum Premiums
Submission requirements include:
- Signed ACORD forms
- Three years of currently valued loss runs
- A completed supplemental application (Axiom’s or another carrier’s)
- Target pricing or expiring premium
Minimum premiums vary depending on the account and location. Contact Axiom for indicative pricing guidance based on your client's specific operations.
Territories and Availability
This program is offered on a non-admitted basis and is available in most states, including but not limited to CA, TX, FL, NY, IL, and WA. Some state or regional restrictions apply:
- New York – Certain Bronx zip codes are restricted
- Connecticut – Certain New Haven zip codes are restricted
- Minnesota – Certain counties are limited to $100,000/$300,000 liquor liability
Why Work With Axiom Insurance Managers Agency, LLC
Axiom brings niche underwriting experience to the table, backed by access to various markets for fine dining exposures. As a program administrator, Axiom offers responsive service, flexible underwriting, and deep knowledge of hospitality risks. Partner with Axiom to confidently place your upscale dining clients with a carrier that understands the nuances of their business.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Upscale restaurants, white-tablecloth establishments, and steakhouses serving up to 65% liquor with controlled entertainment are ideal candidates.
Is this program available in all states?
The program is available in most states, though some zip codes and counties have restrictions. Contact Axiom for specific eligibility in your state.
Can I submit risks with live entertainment?
Yes, but entertainment must be limited to acoustic acts, trios, or jazz combos no more than twice a week.
What are the submission requirements?
You'll need signed ACORDs, three years of currently valued loss runs, a completed supplemental application, and target pricing or expiring premium.
Is liquor liability offered as standalone coverage?
Yes, liquor liability is available on a mono-line basis or as part of a package policy.
Need help placing an account? Connect with a market specialist.