Franchise Select Insurance Program
Grow Your Hospitality Franchise While We Cover You Against the Unexpected
FAQs
Generally, a franchisor may need to have general liability coverage, product liability coverage, workers’ compensation coverage, errors & omissions coverage, employment practices liability coverage, etc. However, the coverages they need depend on the specific risk exposures of their business.
A franchise clause in insurance is the minimum claim amount agreeable by the insurance provider. Your insurance provider will usually decide the franchise limit depending on the insurance type and the possibility of recovering the loss from the offending party.
Depending on their business and its risk exposures, a franchisee may need general liability insurance, professional liability insurance, worker’s compensation insurance, property liability insurance, etc.