
Understand Your Insurance Needs
Understanding insurance needs is crucial for franchisees and franchisors, with property insurance rates increasing due to inflation and natural catastrophe risk.
Doug Groves is a person in Burnaze's franchise knowledge graph, mentioned since 2017. 32 stories link here, each summarized from the original publisher.

Understanding insurance needs is crucial for franchisees and franchisors, with property insurance rates increasing due to inflation and natural catastrophe risk.

Franchises and commercial property owners both small and large are feeling the effects of increasing insurance rates across their markets.

Franchisees should be aware of insurance implications for vacant or unoccupied properties.

Insurance plays a crucial role in protecting franchisees and franchisors during a crisis, and understanding coverage is essential for navigating challenges.

The U.S. Department of Labor has clarified the criteria for joint employer status, defining a franchisor's responsibilities regarding employee conditions of employment.

EZ CERT predicts rising insurance costs and liability for franchises in 2020

McDonald's faces a class action lawsuit and pending claims of harassment against female employees, with potential financial ramifications and social and cultural consequences.

Doug Groves emphasizes the importance of budgeting for insurance and insurance compliance for franchise brands, protecting against liability and financial risks.

Franchisors can save on insurance and protect franchisees' bottom lines by using a comprehensive solution to track insurance compliance.

Active shooter coverage remains a point of emphasis for insurance advisors due to the increasing number of incidents in the US.

Global Franchise Group uses EZ CERT to monitor franchisee insurance compliance across 1,500 locations.

EZ CERT partner SmartCompliance examines the impact of its new in-house tracking solution on EZ CERT's franchise clients, resulting in a 65% improvement in compliance.

EZ CERT has developed a new tracking system to provide real-time data access to its franchise partners, improving the delivery of insurance compliance information.

The FBI defines an active shooter as an individual or individuals actively engaged in killing or attempting to kill people in a populated area.

Employment Practices Liability Insurance (EPLI) covers business owners in the event of a lawsuit claiming a violation of U.S. Employment Practices regulations.

When owning a franchise, it’s important to work with an insurance provider who truly understands all of the exposures your business should have covered.

Insurance is an essential component of franchising, and EZ CERT is a franchise insurance support agency that proactively tracks and manages insurance for franchisors.

Franchisors should take steps to find out the extent of their insurance coverage if a franchisee has an incident without proper insurance.

EZ CERT provides a certificate tracking system for insurance compliance across franchise systems, ensuring franchisees meet FDD requirements.

Eight exposures franchisors should have covered by their insurance provider, including building ownership and lease agreements.

EZ CERT offers proactive approach to insurance compliance for franchisors and franchisees

Business owners should treat their customers the way they want to be treated, and agents should issue policies that truly look out for the best interests of their clients.

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Franchisors should prioritize insurance compliance to avoid potential problems and protect their brand.