APRIL Canada’s ability to underwrite hospitality risks of all types across Canada goes from strength to strength!
In the last month APRIL has successfully underwritten a number of accounts, which other markets have tossed out or passed on due to their severity and frequency of loss history. By reviewing the claims history and delivering the appropriate terms and conditions, we were able to find a mutually beneficial solution for both the broker and the insured.
Here are a couple of examples:
- A multi-restaurant chain with a diversity of locations, which each had their own individual claims issues. By reviewing the causes of loss and the measures the insured was putting into place to reduce the potential for further losses, APRIL was able to provide the insured with competitive terms and conditions, where other markets only saw a decline. APRIL was also able to provide a solution for the insured umbrella need to build limit to the required amounts.
- A hospitality risk with a big liquor liability claim on their record of over $250,000 that other insurers wouldn’t touch. APRIL was able to delve into this claim to determine the real cause of the loss and understand the future potential of the insured suffering another similar loss. The loss was purely defense cost for a claim that had no potential for reoccurrence so we provided a liability quote where others would not.
- A national chain of franchise restaurants with over 100 locations from coast to coast requiring broad levels of coverage and a fully bilingual solution.
This proves that APRIL applies “Out Of The Box” thinking and finds unique “Out Of the Box” solutions for the benefit of the Broker and the Insured.