1851

When you start your own business, it&rsquo;s inevitable that you will need insurance, but how do you know who will be the best partner and provide the services you need in order to make sure you&rsquo;re fully covered? That&rsquo;s where companies like <a href="https://www.certmgmt.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=8-exposures-franchisors-should-have-covered-by-their-insurance-provider-2705851" target="_blank" rel="nofollow" target="_blank">EZ CERT</a> come in. <a href="https://ezcertmgmt.1851franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=8-exposures-franchisors-should-have-covered-by-their-insurance-provider-2705851" target="_blank" rel="nofollow" target="_blank">EZ CERT</a> helps to ensure brands on are in full compliance with their FDD. But, in order for any insurance provider to prescribe the best coverage, you need to be sure you are being fully transparent about any exposures your business may face.&nbsp;

Doug Groves, president of EZ CERT, broke down the eight key topics you should answer to better identify the type of insurance your franchise may need.

<ol>
	<li>Do you own or lease your building? You will need Property Insurance.</li>
	<li>Do the contents of your building move? You will need Property Insurance.</li>
	<li>Detail all of the ways your income can be lost. Be sure you&rsquo;re covered with Business Income Insurance.</li>
	<li>Detail what your business does that can injure someone or cause them financial loss. Be sure you&rsquo;re covered with Liability Insurance.</li>
	<li>Who performs the day-to-day work, employees or subcontractors? Are they insured? You will need Workers Compensation to make sure you&rsquo;re fully covered.</li>
	<li>Do you use autos, do employees use autos? Does your company deliver people or things? You should be sure to have Auto Insurance.</li>
	<li>Can employees be abused in some way? Age, sexual, etc.? Be sure to have Employment Practices Liability Insurance.</li>
	<li>Do you require an umbrella amount? Don&rsquo;t forget to have Umbrella Insurance for any additional coverage needs.</li>
</ol>

These topics can help insurance providers pinpoint key exposures business owners face and allow them to dive deeper into the exact coverage they will need so they don&rsquo;t find out when it&rsquo;s too late.

Groves shared, &ldquo;Each one of these questions launches into another conversation and allows the customer tell us what they are responsible for. It&rsquo;s all about communication with the customer. As a business owner, you have to make sure that someone is watching over you. Telling your insurance provider your exposures will help you support your business for the long haul.&rdquo;

It&rsquo;s extremely important to share everything with your insurance provider and to be open and honest. Groves always emphasizes the importance of these conversations because without them a client can find themselves in a bad situation. Saving money in the short-term can be bad in the long term.

&ldquo;We cannot insure everything, a business failing due to of poor management cannot be insured. However, storms, fires, accidents, lawsuits, these kinds of things can be insured if we are knowledgeable of their existence.&rdquo;

Having the right insurance can save your business during a difficult time. It&rsquo;s invaluable to think of your insurance partner as an extended member of your team that is there to help and support you. The right partner should provide ongoing support and give you the peace of mind that your company is doing what&rsquo;s right for both you and your franchisees.&nbsp;

8 Exposures Franchisors Should Have Covered by Their Insurance Provider 

1851 Franchise

Experts at EZ CERT outline the insurance coverage you should have based on your company's business model.

This brand page has been paid for by 1851. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged 1851 FRANCHISE to write the content. Content without the Sponsored Icon is aggregated media placements the brand earned. Questions can be sent to editorial@1851franchise.com

8-exposures-franchisors-should-have-covered-by-their-insurance-provider

Fresh Coat

Fresh Coat West Greensboro - Fresh Coat Cares - Red Cross

Fresh Coat Cares Partners With the Red Cross to Refresh Community Conference Space

fresh-coat-cares-partners-with-the-red-cross-to-refresh-community-conference-space

Voodoo Brewing Co.

What’s in the 2025 FDD? A Closer Look for Voodoo Brewing Co. Franchise Buyers

whats-in-the-2025-fdd-a-closer-look-for-voodoo-brewing-co-franchise-buyers

United Water Restoration Group

Master Marketer, Community Builder: How Rodney Washington Turned Local Visibility Into Success

Master Marketer, Community Builder: How Rodney Washington Turned Local Visibility Into Franchise Success

master-marketer-community-builder-how-rodney-washington-turned-local-visibility-into-franchise-success

Preservan

How to Read the Preservan 2025 Franchise Disclosure Document

how-to-read-the-preservan-2025-franchise-disclosure-document

Woodhouse Spas

Why Woodhouse Spas Is in a Class of Its Own: Comparing the Franchise Opportunity Across the Wellness Industry

why-woodhouse-spas-is-in-a-class-of-its-own-comparing-the-franchise-opportunity-across-the-wellness-industry

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Hardee’s Lawsuit Highlights the Risk of Going Off-Model in Franchising

hardees-franchise-lawsuit-paradigm-investment-group

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores - Agg - 1851 Franchise

Hooters Leans Into Franchising With Closure of 30 Company-Owned Stores

hooters-franchise-model-company-owned-closures

Dave’s Hot Chicken Sold to Roark Capital in $1 Billion Deal to Fuel Global Expansion

daves-hot-chicken-sold-to-roark-capital-in-1-billion-deal-to-fuel-global-expansion

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises - 1851 Franchise

Homebuyers Keep Buying — And That’s Good News for Home Service Franchises

homebuyers-keep-buying-and-thats-good-news-for-home-service-franchises

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers - 1851 Franchise

AI Could Push Unemployment to 20% — Fueling a Surge in First-Time Franchise Buyers

ai-unemployment-impact-white-collar-job-loss

The Ultimate Guide to Selling Franchises: How To Create a Strong Incentive

how-to-build-strong-incentives-to-attract-prospective-franchisees

The Ultimate Guide To Selling Franchises — How To Build Webinars

how-franchisors-can-build-effective-webinars-to-reach-prospective-franchisees

The Ultimate Guide To Selling Franchises: How To Budget Properly

how-franchises-can-budget-their-finances-properly

The Top 20 Handyman Franchises To Invest in for 2025

top-handyman-franchises-to-invest-in

The Ultimate Guide to Selling Franchises: How to Position Your Value Proposition

The Ultimate Guide to Selling Franchises: How to Position Your Value Proposition — Point of Differentiation

how-to-position-your-value-proposition-with-a-point-of-differentiation

Sola Salons Franchisee Grows Salon Freedom Into a Multi-State Powerhouse 

8 Exposures Franchisors Should Have Covered by Their Insurance Provider

MORE STORIES LIKE THIS