No franchise, regardless of what industry it belongs to or how successful it becomes, is immune to risk. However, there is one key way to protect a franchise business from risks: by purchasing an insurance policy. Before discussing the most common risks that a franchise owner face, however, it’s important to understand what is considered […]
Read MoreWhat Is The Risk Of Not Having Insurance For My Franchise?
A franchise is a business like any other in certain fundamental ways: you need working capital and sufficient staff to run it; making its products or services unique can be key to driving its success; and it can face many different risks. Therefore, it’s essential to protect your franchise, and a highly effective way to […]
Read MoreAre Franchise Owners Required To Purchase Insurance?
If you own any type of franchise, you know that running such a business is often a challenging endeavor that should be pursued carefully. Additionally, you may have wondered at one point whether you need insurance to protect your franchise and yourself from certain risks and liabilities. Here is a close look at this subject. […]
Read MoreHow Much Does Insurance Cost For My Franchise?
There are many different startup costs that are typically needed to launch a franchise, including real estate expenses, supplies and equipment, and working capital. In some cases, you may also have to pay royalty fees, which are legally binding payments that third parties pay to a product or patent’s owner to use said items or […]
Read MoreWhat Type of Insurance Do I Need As A Franchisee?
If you’re a franchise owner, you know how running a franchise can be both fulfilling and demanding. You’re responsible for employees, customers, and franchisors. There are many different risks that can arise from your relationships with all of these people. Here is a close look at the various franchise insurance coverage. Types Of Franchise Insurance […]
Read MoreGuide To Flood Insurance For Commercial Properties
Much like residential properties, many businesses also face the risk of flooding for several reasons. A commercial property could be located near a major body of water or simply be an old building. Therefore, it’s important for business owners to acquire flood insurance. Here is a guide to flood insurance for commercial properties. What Does […]
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