Caterers and bartending services are growing. So far in 2021, we are up 82% in submissions and averaging a bind ratio of 40%. We are receiving a lot of submissions for existing caterers that are reemerging, as well as many new players entering the market.
We are seeing the same for bartending services, including mobile bartending services that are hitting the streets in vintage trailers, milk trucks and other setups outfitted with beer taps. These mobile bars are a hot wedding trend with the growth of small, outdoor wedding receptions, engagement parties and bridal showers.
Below, you’ll find more information on the comprehensive solution we provide for this market segment.
Liquor liability: There are not many liquor liability markets that write this class of business; USLI has been specializing in liquor liability coverage for over 30 years, and we are a competitive market for caterers and bartenders. We rate based on the annual number of events involving alcohol and average attendance at events.
General liability: We have a broad general liability appetite paired with competitive rates and minimum premiums for this class of business. We rate based on annual sales.
Inland marine: We can cover scheduled or unscheduled equipment as well as trailers used at events.
Business Resource Center: Now more than ever, it is important for caterers to demonstrate safe food handling. USLI’s policyholders get complimentary access to our Business Resource Center, featuring online training for the safe handling of food. Policyholders can also utilize LiquorTraning.com.
For more information or a quote, please contact your Hospitality and Liquor underwriter.
