One of the pillars of the USLI Experience is stability. Not only does USLI maintain strong financial stability, with an A++ A.M. Best rating, we also strive to provide underwriting stability.
During 2020, many markets changed their underwriting appetites, especially in the hospitality marketplace. USLI’s Hospitality and Liquor Lines team continues to be a consistent market for food and alcohol risks.
In addition to our consistent underwriting appetite, we are keeping business owners in mind in the following ways:
- Offering full 10-payment plans for all Direct Bill accounts (regardless of premium)
- Considering risks with a prior cancellation or lapse in coverage
- Considering outdoor dining exposures and the use of adjacent parking lots
- Reclassifying on-premises sales to lower-rated off-premises takeout to reduce premium
- Returning premium following audits
- Working with customers to adjust premium basis to account for reduced sales
- Suspending inspections
- Offering value-added services and COVID-19 resources through the Business Resource Center
Lastly, the pandemic has greatly impacted traditional bars and restaurants. During this time, we have seen a rise in fast food (quick service) and retail alcohol store accounts. These classes have remained open, and USLI has competitive product offerings to help you write more of this business.
