Non-Admitted vs. Admitted Insurance for Restaurants, Bars or Taverns

It is important for restaurant, tavern and bar owners to have the right insurance, however, there are so many different types of policies, and even when you zero in on what is needed, the options are often complex and difficult to compare.Let’s face it. You are in the hospitality business. You know food, drinks and how to deliver an entertaining night out. When it comes time to purchasing or renewing your insurance for general liability, liquor liability and other coverages, all policies are not created equal. Knowing what questions to ask and how to compare can be the difference between being covered or not – when the time comes to make a claim.

When deciding on your insurance protection, one of the first considerations is whether to purchase admitted or non-admitted insurance. A non-admitted insurance company has not been approved by the state’s insurance department. An admitted insurance company is one that that has been approved and licensed to operate as an insurance…