https://completemarkets.com/company/ipmg/workers-compensation-insurance-for-fast-food-restaurants/
Workers Compensation Insurance for Fast Food Restaurants
Insurance Program Managers Group (IPMG) offers a dedicated Workers Compensation Insurance program specifically designed for fast food restaurants. With a deep understanding of this niche sector, IPMG delivers the underwriting expertise, responsive service, and market access that agents and brokers need to serve their restaurant clients effectively.
This program is tailored for fast food operations, including franchise and independent locations. Please note that pizza delivery operations are excluded from eligibility.
Ideal Accounts and Appetite
Target accounts include quick-service restaurants (QSRs) without delivery services, such as burger chains, fried chicken outlets, sandwich shops, and drive-thru restaurants. IPMG welcomes both established businesses and start-ups, making it easier for you to place new ventures as well as seasoned operators.
You might have a client opening their first fast food franchise in Illinois or a multi-location operator in Texas with a high experience modification—both scenarios can be considered under this program.
Coverage Highlights and Advantages
Access to A-rated or better carriers
Markets accepting high experience modification factors
Start-ups are eligible
Minimum premium starting at $500 in most states
Responsive service and competitive pricing options
IPMG is committed to pairing your clients with the right carrier and coverage solution to help manage employee injury risks, control costs, and remain compliant with state workers compensation requirements.
Underwriting Notes and Submission Requirements
To submit an account, please provide the following:
Completed ACORD application with a detailed description of operations
Currently valued loss runs (if applicable)
Current Experience Modification Rating (if applicable)
Territories and Availability
This program is available in the following states: AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, MD, MI, MO, MS, MT, NC, NE, NV, OK, PA, RI, SC, SD, TN, TX, UT, VA, WI, WV, and DC.
With access to both admitted and non-admitted markets, IPMG provides flexibility to meet your clients’ needs across a wide geographic area.
Why Work With IPMG?
As a trusted wholesale broker, IPMG delivers the fast food workers compensation solutions you’ve been looking for. Our team offers strong carrier relationships, a broad underwriting appetite, and dedicated service to help you deliver results for your clients. Whether you're working with a new venture or helping a long-standing client with challenging loss history, IPMG can help you find the right fit at the right premium.
Frequently Asked Questions
What types of fast food restaurants are eligible for this program?Quick-service restaurants without delivery services, such as burger, chicken, and sandwich shops, are eligible. Pizza delivery operations are not accepted.
Can I submit a start-up business for coverage?Yes, start-up fast food restaurants are eligible for coverage under this program.
What information is required to submit an account?You’ll need a completed ACORD application with operations description, currently valued loss runs (if applicable), and the current experience mod (if applicable).
Are high experience mods considered?Yes, the program has markets available for accounts with high experience modification factors.
What is the minimum premium for this program?The minimum premium starts at $500 in most states.
Need help placing an account? Connect with a market specialist.