Industries · Hospitality
Private reinsurance for hospitality.
One food-borne-illness headline, one lost liquor license, one walk-in failure on a holiday weekend: hospitality risk is fast and underinsured. The Latitude Plan turns those exposures into real policies issued by a licensed carrier and reinsured to a reinsurance company you own, with premiums recommended by a licensed actuary against your actual operation and set by the carrier.
The risk profile
Underinsured and uninsured risks we see in this vertical
- Administrative & regulatory actions
- Business interruption
- Contingent business interruption
- Crime & employee dishonesty
- Cyber risk
- Food-borne illness
- Legal expense reimbursement
- Liquor liability
- Loss of license
- Loss of a key supplier
- Loss of key talent
- Mechanical breakdown business interruption
- Reputational damage
- Wage & hour disputes
- Workplace violence
Policies are priced by the carrier against an independent licensed actuary’s formal assessment of your underinsured and uninsured risks. Treat this list as a starting point.
The brief
A working example: a three-location Oklahoma restaurant group grossing $5.5M expenses roughly $500K per year in premium (just under 10% of topline) across fifteen risk lines including food-borne illness, loss of license, and mechanical-breakdown business interruption.
Good years build reserves. Bad years draw on them. Either way, the underwriting economics belong to the operator. That margin would otherwise stay with a commercial carrier.
Book a Call
One hour to find out what hospitality premiums could be building for you.
A one-hour presentation of The Latitude Plan, then your questions. Your CPA or attorney is welcome on the line.