Creating Caribbean Rice and Beans is simple if you follow these straightforward steps:

1. Heat Oil: In a large pot, heat the olive oil over medium heat.
2. Sauté Vegetables: Add the diced onion, bell pepper, and garlic. Sauté until the onion becomes translucent, about 3-5 minutes.
3. Add Spices: Stir in the cumin, thyme, allspice, and paprika. Cook for an additional minute to release their flavors.
4. Incorporate Rice: Add the rice to the pot and stir to coat it with the spices and vegetables. Cook for about 2 minutes.
5. Add Liquids: Pour in the coconut milk and vegetable broth. Stir until well combined.
6. Bring to a Boil: Increase the heat and bring the mixture to a gentle boil.
7. Simmer: Once boiling, reduce the heat to low. Cover and simmer for about 15-20 minutes, or until the rice is cooked and has absorbed the liquid.
8. Add Beans: After the rice is cooked, gently stir in the black beans and kidney beans. Season with salt and pepper to taste.
9. Simmer Again: Cover and let it simmer for another 5-10 minutes to heat the beans through and blend the flavors.
10. Serve: Remove the pot from heat. Use a fork to fluff the rice and serve hot, garnished with fresh cilantro if desired.

With these easy steps, you will have an incredible dish ready to be enjoyed by all.