Food Services Sector Offers Tasty RisksSound underwriting appetite keeps insurers from relying onpot luck
The nations eating and drinking establishments represent one ofthe most vibrant and fast-growing segments of the U.S. economy. By2004, the total number of accounts in this sector had pushedappreciably beyond the half-million mark and were generating astaggering $350 billion in annual revenues.
The very size of the food services sectorwith estimated standardlines premium potential of about $6.5 billionhistorically has madeit an attractive target for commercial lines agents andinsurers.
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