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ProHost USA and XL Group Expand Insurance Offering to Restaurant Industry with Umbrella Excess Coverage

XL Group and insurance program administrator ProHost USA are making an extra layer of insurance protection available to fine dining and casual restaurants, adding umbrella excess insurance coverage to its product offering.

“Restaurants can face some significant risks and claims,” according to Heidi Strommen, President of ProHost USA. “Costly liquor liability, food allergy and many other claims can deplete a restaurant’s primary insurance coverage quickly. Having an additional layer of excess insurance protection can be critical to a restaurant’s survival.”

“XL Group has built a reputation on helping some of the world’s largest companies protect themselves from severe financial losses with excess insurance,” said Chris Bressette, Business Unit Head of XL Group’s North America Programs unit. “ProHost clients can now enjoy the same umbrella protection these companies have come to rely on, supported by ProHost’s 25 years of experience serving restaurants’ risk management needs. It’s a very strong combination.”

According to Ms. Strommen, “We’ve continued to expand our coverage to give our clients more options. In this case, they can purchase an additional layer of protection from their primary insurance carrier which for many, in the event of a claim, leads to fewer coordination hassles and conflicts.”

Through the XL Group insurance companies, ProHost provides restaurants, ranging from fine dining to casual dining, with insurance packages which include primary coverages such as general liability, property, equipment breakdown, and liquor liability. When primary liability insurance limits are exhausted, excess insurance coverage provides additional limits to address outstanding claims. Excess limits are offered up to $5 million, with additional limits available on a risk-by-risk basis.

About ProHost USA

ProHost USA, Inc. is an insurance program administrator founded in 1989 and based in Minneapolis, Minnesota. For more than 25 years, ProHost has insured restaurants and related risks working with independent retail insurance agents across the country that recognize the value of their extensive underwriting expertise. To learn more, visit prohostusa.com

About XL Group plc’s Insurance Operations

XL Group plc’s insurance companies offer property, casualty, professional and specialty insurance products globally. Businesses that are moving the world forward choose XL as their partner. To learn more, visit xlgroup.com/insurance

About XL Group plc

XL Group plc (NYSE: XL), through its subsidiaries, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. XL is the company clients look to for answers to their most complex risks and to help move their world forward. To learn more, visit xlgroup.com

XL Group is the global brand used by XL Group plc’s insurance and reinsurance subsidiaries.

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