Franchise Program Insurance
The Three Tiers of Franchise Programs
- Independent – this program serves to create the beginnings of a national program. Benefits include standard rate credits, flexible options and integrated risk management for both Corporate and each franchisee.
- Custom – this program serves as a unique, negotiated package with more options in coverages and pricing. Benefits include simplified risk management, carrier and/or broker servicing and dividend programs – encouraging high participation levels.
- Global – this program serves the large national or international franchise organizations through a traditional or non-traditional risk management program. Partnerships with top organizations develop an all-encompassing suite of services and products – a perfect combination for seasoned industry franchisors and their franchisees.
Franchisor Benefits
- Technically competent and service-oriented risk managers with “big picture” focus
- Specialty programs under blanket policies – for example, Executive Liability protection through an employment practices offering covering franchisor and all franchisees.
- Single point of contact for both franchisor and franchisee for endorsements, claims management, etc.
- Ability to offer another volume discount advantage to your franchisees
Franchisee Benefits
- Exclusive rate discounts and coverage enhancements with strong carriers
- Access to the knowledge and experience of a national broker – with personalized attention that rivals smaller brokers
- Quicker service from dedicated account managers using online policy management tools
Insurance coverages include the following:
* Property
* General and Products Liability
* Auto
* Workers’ Compensation
* Builder’s Risk (property under construction)
* Errors & Omissions / Professional Liability
* Umbrella
* Earthquake / Flood
* Employment Practices Liability
* Directors and Officers Liability
* Crime / Employee Dishonesty or Theft
* International Coverages
* Franchisor’s Errors & Omissions
* and many others…
