Why do I need franchisee insurance for my business?
As a franchisee, you’re running your own business, which means you have your own liabilities to consider, as well as how best to protect business stock, assets and premises. If your newly set up in the business, finding the right covers can be time consuming and a little daunting – what if you miss something? If you’re an experienced hand in the business, you’ll know that getting all of the right covers in place can mean time spent shopping around that might be better spent on actually running the business.
As a specialist broker to the franchisee marketplace, we have significant experience working with franchisees across a whole raft of sectors and trades. We can tailor a range of policies to suit your needs, ensuring you have adequate protection in place without paying extra for cover you don’t need.
If you would like to find out whether franchisee insurance can give you the protection you need at a price you can afford, call Real Insurance Brokers today!
What is Franchisee Insurance?
Franchisee insurance is a pretty broad term. Put simply, it refers to arranging a range of individual cover components being pulled together to ensure all facets of your franchise business are protected.
Typically, franchisee insurance will include public and employers liability insurance. It may need to include professional indemnity, particularly if the franchise is service led and means that you’re offering advice to customers. Beyond that, it really does depend on your particular circumstances. If you run the business from an office, its likely that you’ll want cover for the premises, as well as your office contents. If it’s a retail franchise, you may need cover for stock or goods in transit. The possibilities really are endless, and that’s why working with an experienced, specialist broker like Real Insurance can make a lot of sense. We’re familiar with all the common requirements and pitfalls and pride ourselves on being able to gather together all of the covers you need.
Most franchise agreements require a franchisee to carry certain minimum levels of insurance cover, these may well be set out in your contract with the franchiser. We understand that insurance can be a little jargon heavy and that wading through the small print isn’t always a particularly rewarding experience. But it’s also critical that you have the right cover in place, and our job is to help you understand the requirements and search the market for you, ensuring you get the adequate protection stipulated at the right price.