Origin Specialty gets Emerald Bay capacity for quick-service restaurant property program

By Chris Munro

May 1 - (The Insurer) - Origin Specialty Underwriters has launched an exclusive property program targeted at quick-service restaurants, with the offering backed by non-admitted AM Best A-minus rated capacity from Emerald Bay Specialty Insurance Company.

The monoline property program offers limits of up to $5 million total insured value per location, with restaurant-specific enhancements such as spoilage and food contamination protection available.

Other possible coverage enhancements include equipment breakdown, money orders and counterfeit cash, water backup and sump overflow, sign coverage, business interruption and extra expense, theft coverage for locations with central station burglar alarms, employee dishonesty and various casualty protections.

According to marketing materials for the program, wind coverage may be excluded in Tier 1 locations.

Origin Specialty has authority to write the program in all states, subject to individual risk characteristics.