MarketScout, QBE launch bars and taverns insurance program
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Electronic insurance exchange MarketScout has entered into a relationship with New York-based QBE North America, a unit of QBE Insurance Group Ltd., Sydney, to underwrite and administer a bars and taverns insurance program.
The policy, which targets businesses that serve alcoholic beverages on the premises, is available in 49 states on an admitted basis, Dallas-based MarketScout said in a statement Friday.
The coverage parameters include property, general liability and crime and liquor liability can be offered in select states, according to the statement.
“This new bars and taverns underwriting facility meets our criteria for expanding MarketScout's specialty MGA facilities,” Richard Kerr, CEO of MarketScout, said in the statement. “The underwriting results are solid. We plan to spend a lot of time and effort expanding these offerings across the U.S.”
