Franchise Insurance

How Could the New Tax Overhaul Affect Your Insurance?

Posted by on Feb 8, 2018 in Business Insurance, Franchise Insurance, Life Insurance, Personal Insurance | Comments Off on How Could the New Tax Overhaul Affect Your Insurance?

The most sweeping U.S. tax reform in 30 years became official when the federal tax overhaul passed both houses of Congress and was signed into law by President Donald Trump Dec. 22, 2017. The new law includes several major changes to the Internal Revenue Code and also repeals former President Barack Obama’s health care law, which included an individual mandate for health insurance coverage. Under “Obamacare,” nearly all Americans were required by law to have health insurance or pay a penalty. In 2017, the penalty was $695 per adult and $347.50 per child or 2.5% of one’s household...

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Evaluating Risk: Understand the World of Commercial Insurance Underwriting

Posted by on Jan 9, 2018 in Business Insurance, Franchise Insurance | Comments Off on Evaluating Risk: Understand the World of Commercial Insurance Underwriting

Businesses are a bit like snowflakes: No two are exactly alike. This means there is no quick and easy formula for assessing potential business insurance risk. A commercial insurance underwriter’s job is to assess the risk of providing insurance to a business owner based on that owner’s type of business, business activities, and claims history. It’s a tedious analytic process, and many business owners don’t understand what underwriters are looking at when their businesses are subject to review. What types of insurance risks do commercial underwriters evaluate? Commercial insurance...

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What Should You Consider When Purchasing Franchise Insurance Coverage?

Posted by on Feb 21, 2017 in Franchise Insurance | Comments Off on What Should You Consider When Purchasing Franchise Insurance Coverage?

Running a business can come with an extensive list of day-to-day concerns. One of your top priorities should be protecting your business, property, employees, and yourself from unforeseen events. But with so much to do already, where can you start making sure you have proper coverage?

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Reduce Insurance Costs Without Reducing Coverage

Posted by on Feb 8, 2017 in Business Insurance, Franchise Insurance | Comments Off on Reduce Insurance Costs Without Reducing Coverage

Owning a franchise restaurant or any other small business is a costly endeavor. You have your building, staff, supply costs, and more to think about. Savvy business owners are always looking for ways to streamline processes, become more efficient, and ultimately cut costs, but one place many owners fail to look at is insurance costs. Many business owners fear it will translate into less coverage or coverage gaps if they pay less for insurance. However, it’s possible to save money on insurance while still maintaining adequate coverage. In some cases, an insurance review by trained experts can...

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Don’t Fall into the Insurance Gap!

Posted by on Dec 6, 2016 in Franchise Insurance | Comments Off on Don’t Fall into the Insurance Gap!

As a franchise owner, you’re probably well-aware of the many decisions you must make and policies you must uphold to remain in compliance with the typical franchise disclosure document (FDD) or legal agreement you signed and enacted when you purchased your business. While these documents vary in depth and content, one of the key elements all FDDs include is insurance requirements. The typical business insurance requirement in your FDD will cover your operation from standard claims — including employee injury and the resulting workers’ compensation — to property loss or damage and liability...

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