Hospitality MGA Innovative Coverage Concepts (ICC) has announced a partnership with major insurer
Chubb to provide a new program for the upscale restaurant market.
“Partnering with Chubb… enables us to expand capacity and improve the limits, terms and conditions that make our program’s coverage significantly more attractive to commercial insurance brokers,” said Dean Carras, president of ICC in a PRNewswire report.
Program coverage includes a $2 million aggregate liquor liability, broader wind and coastal capacity, and efficient quote turnaround times.
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Meanwhile, it also offers enhancements on existing property protections, such as protection for fund transfer fraud on top of computer fraud coverage; improvements on leasehold interest; a catering contract penalty clause; as well as wine coverage.
The new product is available nationwide.
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