Allied Restaurants - Rates Based on What?

[AZDave]

Are Allied restaurant rates based on sales or sq footage, or some other? All my carriers use gross sales. Quoting a fine dining risk, and renewing Allied is ridiculously low! My closest quote is $7k higher. Ugh!

If I could compete, the business is mine. I just can't be that flipping high!

Or any thoughts on who could compete on this one?

 

[stex]

They rate on sales.

 

[AZDave]

Thanks Stex.

So, they are either that much lower, or they haven't been audited in a while.

Policy itself does not show the exposures.

 

[hesse]

there must be Liquor liability? Acuity and Auto Owners cant compete? I have Nationwide and they are just not that competitive here in MN

 

[stex]

Thanks Stex. So, they are either that much lower, or they haven't been audited in a while. Policy itself does not show the exposures.

In California, their rates is pretty low for a carrier rating on sales. They rarely audit restaurants.

 

[AZDave]

And here I thought Allied had the quote to beat:

MidWest Family came in $4,000 lower than incumbent, Allied.

These big houses have all the carriers in the world. Just who is MidWest Family?