Rainbow Insurance Through an Independent Agency: Coverage and States

Rainbow coverage and states available through our agency

The table shows each Rainbow coverage type our agency can currently quote and the states, out of the 24 where we are licensed, in which we can quote it.

If your state or coverage type is not listed, send a request anyway. We can check other insurers we have access to.

How to request a Rainbow quote

• Send the request form on this page or call 888-387-3687.
• Tell us the coverage you need and the state where the business operates.
• A licensed agent reviews whether Rainbow is available for your situation and what information the insurer needs.
• You review the quote and decide. Coverage starts only after the insurer accepts your application and confirms it.

Ways to compare your options

You can go whichever direction suits you. None of these commits you to buying.

• Ask a licensed agent. Send a request or call 888-387-3687.
• See other insurers our agency can quote for similar coverage. RLI Contrac Pac, Next, Pathpoint, Blitz, Insur-Fi, Attune, Hanover, Coterie.

Who Rainbow is

Rainbow describes itself as a specialist managing general underwriter (MGU). It was founded in 2022 and uses the site userainbow.com. Its press releases are datelined San Francisco. But no source states its headquarters, and we couldn't verify its legal entity.

Rainbow has no parent company. It's venture-backed. Arch Capital Group Ltd. was among its seed investors, according to FF News.

Rainbow sells only through appointed agents. They quote and bind on its online platform.

Rainbow's funding came from both venture firms and an insurance group. Arch's early investment links Rainbow to an insurance group. But we found no source saying Arch issues Rainbow's policies, so don't assume it.

Who issues Rainbow policies

Rainbow writes two kinds of business, and they use different paper.

• Excess and surplus (E&S) program: Sierra Specialty Insurance Company. Rainbow's November 2025 release quotes its AM Best rating as A- (Excellent), financial size class XV.
• Admitted programs: no source names the insurer. We couldn't verify it.

According to the First Connect carrier directory, Rainbow is "rated A- (Excellent) by AM Best." It doesn't say which company that refers to. We didn't check either rating with AM Best.

What Rainbow sells

• Admitted restaurant BOP. Its first program. It was in 24 states in January 2025 and "nearly 40 states" by November 2025. New York was added in July 2025.
• Beauty and wellness BOP. Started in Arizona and Michigan. Texas and Illinois followed in May 2025.
• E&S restaurant BOP. Launched in California and Texas in November 2025. Florida was next, with nationwide availability planned for early 2026.

According to the First Connect carrier directory, Rainbow is listed in 34 jurisdictions.

Some states on that list may only offer one of Rainbow's programs. A restaurant owner and a salon owner in the same state could see different options. Ask your agent which program and paper applies to your business.

Rainbow news, 2024 to 2025

• February 28, 2024: launched its admitted restaurant program in California, according to Insurance Business.
• January 15, 2025: announced an $8 million Series A led by Zigg Capital. It closed in late 2024 and brought total funding to $20 million.
• Earlier: a $12 million seed round. Investors included Caffeinated Capital, Altai, Zigg, 8VC and Arch, according to FF News.
• November 2025: launched its E&S restaurant BOP.

What Rainbow's MGU setup means for you

A managing general underwriter typically makes underwriting decisions on behalf of insurers, which carry the risk. The insurer named on your policy is the one that does.

That matters because Rainbow uses more than one kind of paper. Its excess and surplus (E&S) program sits with Sierra Specialty. Its admitted programs use an insurer that no source names. An admitted policy and an E&S policy can follow different state rules.

Rainbow focuses on a few business types. Restaurants came first, then beauty and wellness. If your business is in one of those groups, Rainbow may be worth a quote. If it isn't, your agent will likely look elsewhere.

What to check before you buy Rainbow

• Admitted or E&S. Rainbow writes both. Ask which kind your policy is.
• The issuing insurer. For E&S it should be Sierra Specialty. For admitted policies, get the name from your declarations page.
• The rating. Look up that insurer's current rating yourself.
• Your class and state. Restaurant and beauty programs roll out state by state. Confirm yours is live.
• Your agent's appointment. Rainbow sells only through appointed agents. Make sure yours can place it.

How to verify an insurer or agency

Before buying through any website or app, confirm who is selling you the policy and who will issue it:

1. Find the licensed agency or insurer named in the site's footer, terms, or license page.
2. Look up the agency or producer on your state insurance department's license search, or through the National Insurance Producer Registry (NIPR).
3. Look up the insurer on your state insurance department's company search to confirm it is authorized in your state.
4. Save the insurer's name and policy number once issued, since that is who handles claims.

A legitimate service will make this information easy to find. Be cautious if you cannot identify the licensed entity.

What an independent agency does

An independent insurance agency is licensed to sell policies from several insurance companies. Instead of quoting one company's products, an independent agent can compare options from the insurers the agency represents, explain the differences in coverage, and help you re-shop at renewal. The insurance company, not the agent, makes underwriting and claim decisions.

Blake Insurance Group is an independent agency. We work with clients by phone, email, and online in states where we are licensed, and we will tell you which insurers we can quote for your situation.

Questions to ask before you buy

• Which insurer issues the policy, and is it licensed in my state?
• What are the limits and deductibles, and what’s excluded?
• Which discounts were applied, and which ones weren’t?
• How do I report a claim, and is there a 24-hour line?
• What happens if I miss a payment, and is there a grace period?
• Can I get the full quote, including all fees, in writing before I pay?

Rainbow FAQs

Your next step

Send a request and a licensed agent will check Rainbow and other options available to you.