Joyn’s insurance offerings provide fantastic opportunities for those operating businesses in class codes associated with restaurants. In addition to General Liability, Supported Excess, Liquor Liability, and Property coverage, Joyn also offers several special coverages that can benefit restaurant operators, including equipment breakdown, spoilage, employee benefits, and hired, non-owned auto with no delivery exposure.
While Joyn is looking for restaurants that primarily offer food and dining (less than 30 percent alcohol sales) in properly equipped and well-maintained properties, our team of experienced underwriters look at the overall risk when making a determination about whether to underwrite an account and when to prepare a quote. Our target characteristics also include experienced management and new ventures with prior experience.
“There are a number of things we look for when we’re determining whether to write a restaurant,” said Dorian West, one of Joyn’s underwriters. “If the establishment is more of a neighborhood casual kind of restaurant, that is really in our sweet spot and we can most likely offer them really great coverage. If the restaurant turns into more of a bar or night club atmosphere at night, this isn’t in our appetite.”
West also noted several other factors that Joyn is uniquely open to with restaurants looking for insurance coverage.
“We’re more willing to give a close look at restaurants that have a BYOB policy where diners provide their own alcohol to accompany their meals, where a lot of our competitors will just automatically close the door to that,” West said. “As long as it’s truly a restaurant instead of more of a bar atmosphere, we are really open to those kinds of businesses.”
Joyn’s eligible restaurant classes include, but are not limited to, full-service restaurants, fine dining, casual dining, fast casual, private dining clubs, gastro pubs, neighborhood grilles, 24-hour diners, fast food, pizza shops, take-out restaurants, delis and sandwich shops, and coffee/donut shops.
Joyn offers General Liability ($1M/$2M), Supported Excess (up to $5M), Liquor Liability ($1M/$1M), and Property (up to $10M TIV per location and $25M per policy), in addition to the several special features and coverages that can be added to a policy.
We built Joyn to remove the pain points that commercial trading partners experience all too frequently, providing a faster, more accurate, and more transparent insurance experience that saves time, costs, and frustration.
If you’re looking for a better insurance experience for your restaurant business, reach out to [email protected] to learn more.
