Emerging Brands' Tools and Resources

Property coverage protects your own property such as buildings, equipment, inventory and other assets of your franchise. This coverage helps safeguard your property against risks such as fire, theft, vandalism, and natural disasters.

Product Liability provides coverage for injuries, damages or losses caused by the products sold by your franchise network, especially if products are manufactured, imported or sold under your brand’s label. This liability covers claims related to defective products or inadequate warnings or instruction as the franchisor may be held liable for any damages resulting from these product-related issues. Coverage can also include product recall expense extensions.

Franchisor Errors and Omissions coverage protects against suits a Franchisor may face for any mistakes, negligence or omissions in their professional services or advice provided to Franchisees. Coverage applies to claims relating to errors in training, guidance, or support provided by the franchisor, which may result in financial losses or harm to your Franchisees.

Directors and Officers provides coverage for the individuals who hold positions of authority and decision-making within your brand. Individuals in these positions may be held personally liable for any wrongful acts while managing the overall operations, making strategic decisions and ensuring compliance with legal and regulatory requirements. Directors and Officers insurance provides coverage for legal defense costs and financial damages in case of claims or lawsuits brought against them.

Fiduciary Liability provides protection against risk that Franchisors face for any breaches of fiduciary duty related to the management of employee benefit plans or retirement funds. This liability coverage covers claims related to mismanagement, negligence, or improper handling of these funds, resulting in financial losses or harm to employees.

Commercial Auto provides liability and physical damage coverage for vehicles owned by your business. Liability coverage is also extended to vehicles that are non-owned or hired for business purposes. Examples include rental/short-term leased vehicles and employee-owned vehicles used for business purposes.

Workers Compensation and Employers Liability protect your business from suits by employees injured on the job. Coverage includes medical, disability and loss of wages to injured employees.

Cyber Liability coverage, also called Data Breach, offers protection to Franchisors in the case of a data breach in which the firm’s customer’s personal information is exposed or stolen. Coverage is provided for claims related to unauthorized access, theft, or disclosure of sensitive information, such as customer data or financial records. Cyber policies can also provide coverage for stolen electronic devices such as laptops, tablets and cellular phones.

Employment Practices Liability covers claims resulting from discrimination, harassment, wrongful termination or violations of labor laws. Coverage includes Joint Employer extension specifically referring to situations where both the franchisor and franchisee may be held responsible for employment-related issues.

Commercial Umbrella coverage is available to protect Franchisors by providing liability in excess of the General Liability, Auto Liability and Workers Compensation’s Employers Liability policy limits.