Admitted Business Owner's Policy Program
Specializing in Restaurants Now Available on First
Connect
SAN
FRANCISCO, April 17, 2024 /PRNewswire/
-- Rainbow, a leading provider of insurance solutions for
restaurants, is thrilled to officially announce the launch of a
partnership with First Connect, a digital platform designed to
provide independent agents access to some of the nation's top
carriers and MGAs,
Rainbow's broad, admitted appetite and customer service
expertise provides an important step forward in First Connect's
commitment to supporting independent agents, who in turn support
small business owners, including restaurant owners and operators.
By leveraging a modern digital experience, the First Connect
platform provides a seamless avenue for agents to discover and
procure a wide range of products and services for their insured
clients.
"We are thrilled to be partnering closely with First Connect to
bring more of our insurance solutions to the restaurant community,"
said Bobby Touran, CEO of Rainbow.
"The market for insuring restaurants has changed so much in the
past several years, and restaurant owners and their agents have
unfortunately been left with fewer dependable options for the
coverages they require to operate with peace of mind. Rainbow's
mission is to solve that problem with a very broad appetite
including establishments with up to 65% of sales coming from
alcohol, and the First Connect platform allows us to reach more of
those businesses through the agent community."
"Rainbow is a great addition to our growing roster of carriers
with an appetite for insuring small businesses," said Aviad
Pinkovezky, President of First Connect. "We've heard from our
agents that they often struggle to find the right markets for
restaurant risks, and that the marketplace is becoming more
challenging every day. The deep specialization and expertise in
insurance coverage for restaurants that Rainbow brings to First
Connect agents is a valuable opportunity."
Agents on First Connect are able to enjoy many of the benefits
that are unique to Rainbow:
- Technology-enabled Underwriting:
- Rainbow's specialized underwriting expertise allows for precise
evaluation of food and beverage business, and the company's
AI-enabled continuous underwriting approach enables ongoing risk
assessment for what is historically one of the commercial
industry's trickiest classes of business to underwrite.
- Risk Management Incentives:
- In a market where obtaining tailored insurance is increasingly
difficult, Rainbow stands out by offering competitive premium
credits for businesses demonstrating affinity memberships and
robust risk management practices.
- Rainbow Rewards:
- Rainbow's Rewards program extends its benefits to all
policyholders, offering significant credits, lower premiums, and
complimentary safety training resources to establishments committed
to safe and proactive operations.
About Rainbow
Founded in 2022, Rainbow is a specialist
managing general underwriter building tailored small business
insurance programs, starting with restaurants. Through developing
insurance products that reward small business owners for putting
safety first, and evolve with their business' ups and downs,
Rainbow is pioneering the insurance policy that provides peace of
mind while also working to help prevent claims. Rainbow offers its
agent and broker partners a seamless, instant quote-to-bind
experience, and digital partners are able to integrate with
Rainbow's powerful yet easy to use API to offer instant quoting to
their customers. For more information on Rainbow, please
visit www.userainbow.com.
Social Media:
Blog: https://www.userainbow.com/blog
Linkedin: https://linkedin.com/company/userainbow
For media inquiries, please contact:
Julia Wilkinson
press@userainbow.com
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SOURCE Rainbow MGA Insurance Agency, Inc.