A restaurant insurance program designed in conjunction with a leading US-based international specialty insurer is showing remarkable growth in the fiercely competitive US restaurant sector.
With over 170 restaurant brands under its belt the Restaurant Recovery Program includes some of the leading American fast food chains providing against claims for food contamination. Take up of the programme has rocketed with the total gross written premium up over 80% since the programme’s launch. Furthermore, with the restaurant industry sales up 16% in the last 4 years, this is a market set to continue growing.
Designing bespoke insurance programs and facilities with international insurance markets is the core skill of RKH Specialty’ casualty team. Key to the success of these programmes is a process of continual review, a matter of examining performance data for every aspect of its performance at any point in the chain as well as its overall performance against competitors.
‘It really is a collaborative effort as much a competitive one. We work with the client to understand the challenges and bring the right partners to bear to address particular challenges and support the clients’ aims long term. Success is attributable to the high levels of understanding throughout program participants.‘ says Mark Colgate, Executive Director of the Casualty team.
RKH Specialty Casualty team provide tailored insurance solutions across a wide range of industry sectors and casualty lines. Find out more here, or contact Mark Colgate on 020 7456 9370.