KNOXVILLE, Tenn., Sept. 24, 2025 /PRNewswire/ -- Restaurants and bars will soon have access to an insurance program built exclusively for their industry, thanks to a group captive launched by CIC Services, LLC and the Ragnar Group, Inc. Domiciled in Utah, the captive addresses a common challenge: traditional insurers misclassifying establishments and driving premiums too high.

Traditional carriers often place restaurants into broad categories such as "sports bar," increasing premiums regardless of actual risk. The new captive uses underwriting guidelines that consider hours of operation, type of alcohol served, entertainment options, and management practices to align members with similar risk profiles.

"Our theory is simple. The vast majority of restaurants and bars are fundamentally misidentified when it comes to risk," said Andrew R. Reina, CEO of the Ragnar Group. "By introducing more precise guidelines and what we call 'community underwriting,' we believe this captive offers a fairer, more transparent solution to owners who have grown frustrated with traditional insurance models."

Community underwriting incorporates feedback from existing policyholders into the review process for new applicants. Applications are evaluated over 30 to 45 days, allowing deeper understanding of each business and better alignment between participants.

The captive is open to bars, pubs, nightclubs and fine dining restaurants. Gentlemen's clubs are excluded, as are certain high-risk businesses such as "cash only" operations, wedding venues and establishments with mechanical riding devices.

"Andrew came to us with a unique solution to solve a common problem in the restaurant and bar insurance marketplace," said CIC Services Principal Shawn Holland. "His approach is extremely well-researched, and his underwriting guidelines are meticulous. This novel approach impressed our team as well as actuaries and underwriters who have worked in this vertical for decades. We see this as a major step forward in empowering business owners to manage their insurance destiny."

The captive has already drawn significant interest from across the hospitality sector. The program will be available to members by the end of September 2025. To learn more or apply, contact Andrew Reina at areina@theragnargroupinc.com or Travis Brewster at tbrewster@theragnargroupinc.com, or visit www.scliquorliability.com.

About CIC Services
CIC Services is a captive insurance manager serving the middle-market. Since 2005, the company has helped small and mid-sized business owners better manage risk, control costs and create new profit centers by owning their own insurance company. For more information on CIC Services, please visit captivatingthinking.com.

About The Ragnar Group Inc.
The Ragnar Group Inc. is a locally owned, independent firm dedicated to disrupting the insurance and financial services industries. Offering Property and Casualty Insurance, Life, Health and Benefits Insurance, Wealth Management and Payroll, Ragnar Group delivers competitive pricing and personal service without overseas call centers or automated chat bots. Learn more about the Ragnar Group at https://theragnargroupinc.com/.

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SOURCE CIC Services, LLC