Ideal Accounts and Appetite
This program is ideal for small to mid-sized restaurants, including new ventures and businesses with a lapse in prior coverage. UBIC is open to accounts exiting PEO arrangements and can accommodate a wide range of restaurant types—excluding those with 24-hour operations. Whether your client is opening a new café or transitioning an established diner out of a PEO, this program may be a strong fit.
Coverage Highlights and Advantages
- Admitted coverage in all available states
- A-rated carriers: Companion Property and Casualty, Companion Commercial Insurance, and Utah Business Insurance Co.
- Guaranteed cost program—no surprises in premium changes
- Monthly self-reporting options for added flexibility
Underwriting Notes and Minimum Premiums
- Premiums starting at $1,000
- Experience mod must not exceed 1.5
- New ventures and businesses with lapses in coverage are acceptable
- 24-hour restaurant operations are not eligible
- Accepts accounts transitioning out of PEOs
You might have a client with a small chain of quick-service restaurants in Nevada or a startup bistro in Utah with no prior coverage—both could be eligible under this program.
Territories and Availability
This program is currently available in the following states: Arizona (AZ), Arkansas (AR), Colorado (CO), Idaho (ID), Illinois (IL), Missouri (MO), Nevada (NV), New Mexico (NM), Oklahoma (OK), Oregon (OR), Tennessee (TN), Texas (TX), and Utah (UT).
Why Work With UBIC?
Utah Business Insurance Company brings carrier-level expertise and underwriting focus to the restaurant industry. With flexible underwriting, competitive pricing, and strong market partnerships, UBIC is committed to helping agents place quality restaurant accounts with confidence. Their specialization in small business workers compensation ensures responsive service and informed decision-making for your clients.
Frequently Asked Questions
What types of restaurant accounts are eligible for this program?
The program targets small to mid-sized restaurants, including new ventures, businesses with a lapse in coverage, and accounts coming out of PEOs. Restaurants with 24-hour operations are not eligible.
What states is the program available in?
The program is available in AZ, AR, CO, ID, IL, MO, NV, NM, OK, OR, TN, TX, and UT.
What are the minimum underwriting requirements?
Accounts must have an experience mod of 1.5 or less. The program offers premiums starting at $1,000 and accepts businesses with no prior coverage or those exiting PEO arrangements.
Is this a guaranteed cost program?
Yes, the program is guaranteed cost only, providing stable and predictable premiums for your clients.
Are there flexible reporting options?
Yes, monthly self-reporting is available to help insureds manage their cash flow more effectively.
Need help placing an account? Connect with a market specialist.