Our Practices

                                                                                                                 

Franchise Insurance Risk Management

Franchise systems face unique challenges and are exposed to a diverse set of business risks that, if not addressed properly, can severely damage business operations and brand reputation. Although pitfalls and challenges can’t be avoided entirely, they can be mitigated with the proper precautions, planning, and insurance coverage.

A comprehensive risk management program can help franchisors like you safeguard your business and protect your assets. When choosing an effective franchise insurance program, you need industry experts who understand the landscape in which you operate, the structure of your respective business, and the vulnerabilities of the franchise system as a whole.

The franchise attorneys at Fahey Schultz Burzych Rhodes PLC have expertise in all aspects of franchising, including franchise insurance risk management. We can help you understand and manage business risks, minimize and transfer risk by advising on specialty lines of insurance, and assist with claims and recovery of damages when insurers refuse to honor their contracts.

As our client, we get to know you, your franchise system, your challenges, and your goals. Together, we can identify your specific business risks to build a comprehensive insurance plan that will protect you and your franchise system.

Our franchise insurance risk management attorney services include:

  • Designing and implementing risk management programs to help reduce risk to your franchise system. Early prevention is key to mitigating future claims.
  • Planning for the necessary types of insurance coverage specific to your needs. Depending on your niche, this could include Franchisor Errors & Omissions (E&O) Liability, Management (D&O) Liability, Employment Practices Liability, Property Insurance, Cyber Liability, Auto Liability, Workers’ Compensation, Commercial Umbrella, and other types of insurance.
  • Negotiating high-quality insurance protection at competitive rates. We have built strong partnerships with top-rated insurance carriers who specialize in the franchise and hospitality industries.
  • Reviewing all contracts (including Franchise Disclosure Documents and Franchise Agreements) to ensure risk is transferred appropriately.
  • Protecting your livelihood. We work hard to keep our clients out of legal trouble, but in the event the need for litigation or arbitration arises, our experienced trial and appellate lawyers are ready to proceed with aggressive representation.

Fahey Schultz Burzych Rhodes is available to address your risk management needs. We work hard to anticipate risks and make honest, informed, and practical recommendations.

Is your business ready to franchise or expand?

Whether you are exploring franchising for the first time or operating a well-developed franchise system, our franchise attorneys can answer your questions and advise you on the best course of action.

Request a Franchising Consultation
 

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At Fahey Schultz Burzych Rhodes PLC, we’ve been helping municipalities, franchised businesses, employers, and more with their legal needs since 2008. We’d love to learn how we can help you, too.