If your small business operations were interrupted, would you be able to bounce back right away? For 9 out of 10 small businesses, the answer is no. According to FEMA, being forced to close for just five days can cause the majority of small businesses to fail within a year. But if your business were [...]
When you rely on computers to run your business, protecting against cyber-attacks is a must. Every day, nearly 2,200 reports of cybercrime are filed with the FBI's Internet Crime Complaint Center. Hackers want to access your business computers to commit fraud, steal financial data and hold digital files for ransom. Franchises are most at risk [...]
If your franchise uses vehicles as part of business operations, commercial auto coverage for franchises should be a part of your insurance program. Commercial auto insurance is a type of coverage designed to protect businesses when they use vehicles for business purposes. Coverage can protect you from damages, lawsuits and other expenses you could face [...]
Some insurance policies like property insurance or liquor liability insurance are pretty self-explanatory. But other common coverage options can require a bit of an explanation. General Liability Insurance and Umbrella Liability Insurance are two common types of coverage for franchises. These two liability policies are very similar, however there are a few key differentiators. In [...]
As a franchise business operating in today's digitally connected world, your business faces several cyber liability risks. Typically, most franchisees do not consider themselves at risk for a cyber attack and have failed to take measures to secure their systems and data. It's important to first recognize the scope of your cyber liability risks and [...]
If your business offers delivery, pickup or in-home services, your business faces certain risks that other franchises don't. Having employees that drive for work and company vehicles that need to be serviced and maintained increases your exposure to accidents, claims and liability lawsuits. One of the ways you can manage this risk exposure is by [...]
Lots of franchise businesses start out small. But as you hire more employees, open new locations or change business categories, it's important your workers' compensation coverage keeps pace with your growth. Understanding workers' compensation for your business is important and helps ensure you manage risk and stay compliant. Here's what to know: What Workers’ Compensation [...]
In franchises across the country, slips, trips and falls are a leading cause of injury. Both franchise employees and customers are at risk. The result of a slip, trip or fall can range from mild to severe. However, most of these accidents can be prevented with proper awareness of the hazards and the right safety [...]