The franchise relationship is obviously unique in terms of the close (occasionally sensitive) relationship between the franchiser and franchisee. Regardless of the particular industry the franchise is in, there are specialized and unique components to the franchise agreement that are designed to enhance and protect both the franchiser’s and the franchisee’s investment in their respective businesses.
Having an agent/broker that understands the uniqueness of the franchise business model, the challenges of the industry, and the respective requirements of the franchise agreement – while bringing to bear the technical expertise to design and implement a risk management program that reflects both parties’ interests — is critical to fully and properly protecting everyone’s interests.
Not only does the Foster Sullivan Group have access to all national and global markets for the insurance part of your franchise program, but with on-staff counsel, licensed insurance advisors, coverage and claim specialists, and designated industry account managers, we have the capabilities and expertise to give advice and counsel to you on your overall risk management profile: when to insure; when to self-insure; when to retain risk (deductibles); when to invest in loss avoidance and loss mitigation; how to tighten up your ‘supply chain dynamics’ by properly shifting risk.
We know franchises; we know industry sectors. Our expert staff of professionals will work closely with you to understand the challenges of your specific franchise, develop risk control programs that have an impact, and then design a ‘narrative’ for the insurance marketplace about your business that will have the insurers competing for that business. We will work with you throughout the year, year over year, to review and reduce your overall cost of risk as your business grows.
You have worked hard to develop your business and have much at stake in its success. Make sure you engage true professionals to properly protect your invested capital from risk. The Foster Sullivan Group – Protecting Your Business, Protecting Your Future.