Comprehensive cover includes legal expenses and loss of licence cover

Food

Underwriting agency AML Underwriting (AML) has launched an insurance product aimed for restaurants and other similar establishments.

The ‘AML Restaurant Policy’ will be available to all AML brokers. It offers comprehensive cover and includes a number of automatic sections, but also gives brokers the flexibility to pick and choose cover and limits.

The new policy offers all risks wording, automatic cover for legal expenses, money & assault, loss of licence, deterioration of stock, goods in transit and book debts. It also provides automatic cover extensions (including but not limited to): 55% seasonal stock increase, damage to outside furniture and cover for outside catering.

AML development director, Jonathan Skinner, said: “Our new restaurant product offers relevant, comprehensive cover and targets risks above the small package level. It will be a useful new business tool for brokers as we only quote one price to market and every risk is reviewed individually by an underwriter rather than a quote engine.”

AML was set up in 2010 by the former management team of insurer Evergreen, which was bought by QBE.