Finding The Right Insurance For Franchisees
By Art Gib
For franchisees, having insurance is more than just peace of mind- it’’s a matter of survival. One disaster or accident can sink a franchisee’’s business before it even gets off the ground.
In addition, good insurance for franchises is hard to find. Comparing different rates to make sure you”re getting the best deal is time-consuming and difficult. How do you know what to look for in good franchise insurance coverage? How do you make sure it covers your needs without draining your pocketbook? A new generation of online services can help you navigate this process and ensure that your franchise insurance best fits your needs.
Until recently, franchisees had to spend weeks trying to find the right insurance for their franchises. One franchisee told of calling over a dozen insurance companies to settle on one only to find a year later that she could have had the same coverage for her franchise at two-thirds the premium she was paying. “I really could have used that time and money,” she reflects, “especially during that first year when things were so tight anyway.”
Still, other franchisees tell of being misled by insurance companies into thinking the coverage they purchased was sufficient, only to find in the wake of a disaster that they would be unable to rebuild their business. Despite their best efforts to insure their franchise, they discovered too late that they had been duped.
Recently, online services have emerged that promise to alleviate these problems for franchisees. Busy franchisees report being delighted with the convenience and thoroughness the online services offer. One franchisee, now on his third franchise, comments, “I”ll never go back to shopping different franchise insurance companies on my own. Why waste the time when I”ve got so much to do already?”
The best of these online services ask that franchise insurance-seekers enter their contact information on online forms and indicate the types of insurance coverage they are looking for. The services then contact franchisees directly within hours to answer their questions and deliver a handful of rate quotes.
If franchisees so desire, these services will even do the legwork to purchase the coverage for them. Franchisees report that, in a matter of hours, they can make an informed, well-researched choice on what insurance to buy for their business.
One franchisee gushes, “For me, it’’s manna from heaven. It’’s quick, it’’s comprehensive, and I know it’’s going to save me money every month. What else could a franchisee want?”
About The Author
All Franchise Insurance (http://www.allfranchiseinsurance.com/) is an insurance agency offering insurance for franchise owners. Art Gib is a freelance writer.