Business Insurance Solutions for Franchise & Restaurants
Protecting those who serve the future
Our Franchise & Restaurant Division specializes in comprehensive Business Insurance solutions tailored to the unique needs of Franchise & Restaurants. Whether you’re a small family owned restaurant or a multi-location franchise, we understand your challenges—and we’re here to help.
Any Franchise & Restaurants. Every State
And so many more…
Franchises & Restaurants Have Unique Challenges…
You see challenges; we see opportunities… Tell us your challenge; we will find solutions that save money
We Specialize in Business Insurance for Franchises & Restaurants
Workers’ Compensation
Franchise & Restaurants face complex challenges managing claims and safety–that’s where we come in. We simplify Workers’ Compensation with claims advocacy, E-MOD protection strategies, and safety programs tailored for Franchise & Restaurants.
E-MOD Restore & Defend
Franchise & Restaurant-Specific Safety Resources
Claims Advocacy
Proactive Renewal to ensure you are saving money
General Liability
Providing coverage for the day-to-day operation of your business.
As a franchise or restaurant owner, General Liability needs are ever-evolving. Whether you’re working on an acquisition of a new location, ensuring compliance with the owner of a rented commercial space, or protecting your business from the litigious nature of the general public, it’s important to work with a broker who understands your insurance environment.
Let us show you a better way to manage your insurance portfolio:
Access to Special Programs with Top-Rated Carriers
Most restaurant or franchise owners don’t see quotes every year, or at minimum, have policy- and market-level discussions to make sure you are with the best possible carrier.
We represent our insureds to multiple insurance carriers, many of which have specialty programs built with aggressive pricing specific to your situation.
Our Carrier Relations team is always trying to find the best solutions for our clients.
Industry-Leading Services and Resources
Are you getting resources from your agent to help with claims, training, safety programs, or HR-related collateral? If not, give us a call so we can share with you the resources we provide at no charge:
Proactive Renewal Process to Ensure You Have the Best Options Each Year
Commercial Auto
Whether you have a manager that makes bank deposits or a delivery driver dropping off customer orders, is your business protected from any liabilities that arise from employees on the road through the course of business?
Because most franchises and restaurants do not have a fleet of owned vehicles, it’s very common to not carry any coverage for auto liabilities. Many business owners rely on the insurance policies of each individual driver to provide coverage in the event of an at-fault accident.
But is it enough?
Accidents are bound to occur on the road. LexisNexis Risk Solutions estimates claims severity continues to rise in bodily injury and property damage (9.2% and 2.5% year over year, respectively), and frequency of violations/claims have become the norm.
Many personal auto policies limit the liability payouts for bodily injury and property damage at around $100,000 per accident, and with the rise in litigation in recent years, many businesses are being hit with frivolous lawsuits designed to maximize payout for the injured party.
Commercial auto policies provide a much higher limit of liability for the insurance company to step in and provide assistance to business owners (typically written at around $1,000,000 combined for property damage and bodily injury).
To mitigate this, many of our clients have begun carrying what is known as Hired and Non-Owned Auto Coverage as an enhancement to their general liability. It is a great way to insulate your business from unnecessary out of pocket expense, and can be very cost-effective.
Are you carrying the right coverages? Let us evaluate your policies to help recommend the best coverages for your business.
Commercial Property
Whether you own or rent the building(s) you operate out of, commercial property coverage is important for your building, contents, and stock.
Property coverages for franchises and restaurants have unique components that every owner needs to be aware of.
Is your agent educating you on:
Crime Coverage?
Protect your business from financial threats resulting from criminal acts including employee theft, forgery or alteration, computer fraud, funds transfer fraud, social engineering fraud, and many others
Blanket vs. Scheduled Property Coverage?
Let us help you determine the best options
Business Income Coverage?
When was the last time you received an evaluation on just how much Business Income coverage is right for you?
Employee Benefits Liability
What is Employee Benefits Liability (EBL)?
EBL protects businesses from out-of-pocket expenses arising from errors or omissions in the administration of employee benefits programs, including health, life, disability, retirement, and many other benefits.
Examples of Covered Benefits Errors
Why is this important for restaurants and franchises?
If you are providing any level of employee benefits in your business, errors are often unavoidable. To prevent large out-of-pocket expenses, EBL coverage can help protect your business.
Professional Liability
Are you a design-build contractor? Do you provide consulting, engineering, architectural, or construction management services?
If so, Professional Liability is an important line of insurance to carry, whether you are directly involved or subcontract out your design needs.
Also called “Errors and Omissions” insurance, Professional Liability provides important coverages for:
Whether you are currently carrying a Professional Liability policy or not, it’s important to understand the coverages provided and how it can be utilized in your business.
Management Liability
What is Management Liability?
Insurance that protects a company and its executives from various risks associated with running a business. Management Liability can help cover losses from lawsuits, investigations, and other claims related to mismanagement, employee disputes, and criminal acts.
Types of Management Liability Insurance
Employment Practices Liability
What is Employment Practices Liability Insurance (EPLI)?
EPLI provides protection from financial loss due to employment-related lawsuits. Examples include:
Why is this important for franchises and restaurants?
Due to the nature of employee turnover and part-time work in the industry, lawsuits for the above reasons have become much more common in recent years.
EPLI insurance is a very cost-effective way to protect your business and insulate risk against these types of risk.
Fidelity Bonding – ERISA Bond
The Employee Retirement Security Act of 1974 (ERISA) is a federal law that protects employee benefit plans.
Part of this law, and one of its crucial components, is fidelity bonding, also known as ERISA Bonds.
These bonds protect the employee plan and its participants against fraud or dishonesty by those handling the funds. This can include administrators, trustees, and certain service providers.
If you have bonding needs, let us show you a better way to incorporate into your insurance portfolio.
Excess/Umbrella Liability
What is umbrella or excess liability coverage?
Why do Franchise and Restaurants need this coverage?
Cyber
Since the pandemic, the insurance industry has seen a significant increase in frequency of claims on Cyber Insurance policies.
Whether Business Email Compromise, Ransomware, or Electronic Funds Transfer fraud, it’s more important than ever that you cover not just your own sensitive information, but that of your customers.
The two main segments of Cyber Insurance are:
First Party Cyber Insurance
Third Party Cyber Insurance
Have you looked into Cyber coverage in the past? Let us help you craft the perfect coverages for your growing business.
Start customizing your Business Insurance
Let our Franchise & Restaurant Division customize your Business Insurance to meet your needs.