Coverage & Protection for Franchisors & Franchisees
Protect Your Franchise From Damaging Claims
As a franchisor, you’ve painstakingly grown your business and carefully selected your franchisees. With so much on the line, it’s critical that you apply the same criteria when it comes to your insurance.
Unfortunately, too many franchisors leave the responsibility of selecting the right insurance policy to their individual franchisees. The problem is that most of these owners end up working with local agents who don’t understand the specialized requirements of franchise insurance. The result is that your entire franchise business could be exposed to significant liabilities and potentially unlimited damages.
Work With An Agent Who Understands Franchises
When left to their own devices, we’ve often seen that individual franchise owners often don’t keep proper proper insurance records. Many don’t even cover you – the franchisor – as part of their policies. It’s not the franchisees’ fault; many of them are simply working with inexperienced agents who are not aware that the gaps in their coverage are exposing you to potentially huge claims.
When you work with Navion, we make sure that each of your franchisees has up-to-date records and the appropriate coverage.
Insurance That Lets You Focus On Growing Your Business
At Navion, we understand the intricacies involved in the franchisor/franchisee relationship. As a result, we have years of experience developing insurance programs that protect both entities. Using our proprietary insurance tracking automation, we track the insurance programs of all of your franchisees – which allows you to focus on what matters most: growing your brand and expanding your business.
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Summary As a franchisor, you have invested heavily to build the brand of your franchise system. You take great care to select franchisees that will adhere to your standards to protect your standards and reputation. Your franchise system's value is further enhanced when your franchisees are properly and consistently insured with a franchise insurance program tailored specifically to your needs and the needs of your franchisees. We will discuss the two primary insurance challenges faced by franchisors: The Challenge of Proper and Consistent Franchisee Insurance Coverage The Challenge Franchisee Insurance Compliance We will