Rainbow's Business Owner's Policy (BOP)
Coverage is provided on policies rated A- Excellent by AM Best (IX Financial Size Category).
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A broad appetite for almost any business that offers food, with hand crafted policies served up by your local independent agent.
To calculate your premium, traditional insurance companies require you to predict revenue a year out, which can lead to time-consuming audits and costly back payments. Our Pay-As-You-Go payment option adjusts your liability premiums automatically and appropriately over time. Just report your monthly sales, or integrate your POS provider, and your premium syncs perfectly with the fluctuation of your business.
General liability and property coverage bundled together. Great for small to medium-sized businesses.
Our BOP is a significantly enhanced program built 100% for restaurants, complete with coverages that suit any concept’s needs. It’s the only Pay-As-You-Go BOP that also rewards establishments for demonstrated loss control.
Robust options customized for each policy.
Providing an extra layer of protection in case of catastrophic events or large claims.
Most risks that are eligible for Rainbow’s BOP will also qualify for XS. Available XS limits:
General Liability: $3M Each Occurrence /
$3M General Aggregate
Liquor Liability: $1M Each Common Cause /
$1M Aggregate
We all hate claims. So we help you avoid them, with easy tips on how to keep your restaurant safe and healthy, and reward you for it.
From quote-to-bind, through endorsements and filing a claim—our dashboard comes with intuitive functionality. We also support transparency around key policy dates and upcoming premium charges. For Pay-As-You-Go policies, you can track how monthly premiums are changing with ease.
Complete visibility into how premiums change at varying sales levels
Transparent, complete policy tracking on the Rainbow Dashboard
Not in most cases — Rainbow's Pay-As-You-Go policies reduce the need for auditing an insured at the end of the policy term. No audits = no hassle or unexpected back premiums.
Rainbow provides coverage to a variety of foodservice establishments including restaurants, delis, and wine bars.
Rainbow policyholders have the option to purchase a Pay-As-You-Go policy, which means that the monthly premium will change over time. This is because Rainbow recalculates the liability premium each month based on the restaurant's actual sales activity. The policy's property premium remains fixed for the policy term.
During the quote process, insureds are offered a discount on their premium for participating in our loss control incentive program. At policy issuance, we engage the insured to perform certain tasks to help identify or mitigate hazards, starting simply with uploading images of their operation that they can take from their smartphone.
Rainbow’s policies are issued by insurance carriers with a Financial Strength Rating of A- Excellent by AM Best.
