Ideal Accounts and Appetite
This program is best for small to mid-sized restaurants: quick-service, cafes, bistros, family-style diners, and similar operations. UBIC will consider new ventures, accounts with prior lapses, and businesses transitioning out of Professional Employer Organizations (PEOs). The program does not accept restaurants with 24-hour operations.
Coverage Highlights and Advantages
- Admitted coverage in all available states for smoother placement and compliance
- A-rated carriers backing the program: Companion Property and Casualty, Companion Commercial Insurance, and Utah Business Insurance Co.
- Guaranteed-cost Workers Compensation offering premium predictability and simpler budgeting
- Monthly self-reporting payroll options to help insureds manage cash flow
- Underwriting experienced in hospitality exposures and risk-control guidance tailored to restaurants
Underwriting Notes and Minimum Premiums
- Minimum premiums typically start at $1,000
- Experience modification (mod) must be 1.5 or less
- New ventures and accounts with prior lapses are acceptable
- Accounts exiting PEO arrangements are considered
- 24-hour operations and high-risk specialty concepts are not eligible
Example fits: You might have a client opening a small quick-service sandwich shop in Nevada with no prior coverage, or an owner-operated bistro in Utah exiting a PEO — both scenarios that can often be placed through this program.
Territories and Availability
This program is available in the following admitted 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?
UBIC brings carrier-level underwriting focused on small business and hospitality. Agents benefit from competitive admitted capacity, responsive underwriting for restaurant exposures, flexible payroll reporting options, and a streamlined placement process. The program’s guaranteed-cost structure simplifies renewal conversations and helps insureds manage premium volatility.
Frequently Asked Questions
What types of restaurant accounts are eligible for this program?
The program targets small to mid-sized restaurants—quick-service, cafés, bistros, and family-style operations—including new ventures, accounts with prior lapses, and those exiting PEOs. Restaurants that operate 24 hours are not eligible.
What states is the program available in?
The program is offered on an admitted basis in AZ, AR, CO, ID, IL, MO, NV, NM, OK, OR, TN, TX, and UT.
What are the minimum underwriting requirements?
Underwriting generally requires an experience modification of 1.5 or less. The program accepts new ventures and accounts with lapses, and minimum premium levels typically begin around $1,000.
Is this a guaranteed cost program?
Yes. This is a guaranteed-cost Workers Compensation program, which provides stable, predictable premiums rather than retrospective adjustments.
Are there flexible reporting options?
Yes. Monthly self-reporting is available to help insureds manage payroll reporting and cash flow.
Need help placing an account? Connect with a market specialist.