Going into business by yourself can be a frightening thing, which is why franchising is so beneficial to entrepreneurs. In a franchise system, those who invest are provided with proven guidelines and a tested system to work with as they work to build their careers—including guidance for how to navigate their insurance coverage. Carrying proper insurance coverage is so important to protecting the investment you have made into your franchise, but with an overwhelming array of options, it can be difficult to be certain exactly what you need. Read on →

If you have a business that involves cars, trucks, vans or other vehicles for transportation, determining the best options for insurance coverage is a must to make sure everyone is fully protected. Whether you have an entire fleet of vehicles or a single company car, ensuring that your liability is reduced as much as possible in the event of an accident will be something you will be happy you did in case the inevitable occurs. Read on →

Employee practices liability insurance (EPLI) is a type of insurance that many business owners are tempted to cut corners on, especially small businesses or those that are just starting out. While EPLI may seem like something that only large corporations need to be concerned with, smaller businesses have been found to be the most vulnerable to employment claims. Because you are vulnerable to an employment claim from the moment you interview a prospective employee, it is important to understand how EPLI can be beneficial for your business and what scenarios it covers. Read on →

Whether you own your business’ building, lease it or work out of your home, commercial property insurance is a must-have for every business owner. Fortunately, commercial property insurance will generally be rolled into your general business policy, but if you are unsure if you have it, it is wise to ask your insurance provider for further details. Making sure you are covered adequately in case of an unprecedented scenario is a great way to achieve peace of mind. Read on →

When you decide that it is time to expand your business by becoming a franchisor, there are many legal, business and management considerations to take note of—but one thing that is just as important as the rest is how you will provide your franchisees with the best support possible as they build their careers and build your business in the process. The support provided by franchisors to franchisees can vary greatly, so what is most important is making sure that you come up with a strategy that makes sense for your business. Read on →

While some industries and professions are certainly more dangerous than others, there is always the potential that any employee in any role can get hurt on the job. Fortunately, for businesses that carry adequate workers’ compensation insurance, the expenses associated with this do not have to impact your business’ bottom line. Below, we will look at some of the key details of workers’ compensation coverage so you can see how it works to protect your franchise. Read on →

Your franchise is likely the biggest investment of your life, both in consideration to the time and the money you have spent building it into a successful system. While building up a successful franchise system is something you are likely very passionate about, there is only so much that any one person can do—which is why finding the right franchisees to invest in your business is so important. In general, finding franchise owners to carry your legacy is similar to finding any candidate who is qualified for a job, but there are a few extra caveats that franchisors are wise to consider. Read on →

Being a business owner provides a lot of rewards, personally and professionally—especially if you have begun a franchise system to grow even further. Building up your business venture is such an exciting time, but unfortunately, many owners are devastated by just one emergency incident—FEMA estimates that this happens to around 40% of small business owners. To make sure a fate like this does not befall your franchise, it is important to make sure your business has all the coverage it needs to protect it from any type of disaster. Read on →

If you are actively trying to grow your franchise, one of the biggest hurdles is likely finding the right candidates to help you expand your legacy. Making sure that you are getting in front of qualified candidates is key to sustainable growth, but how can franchise owners be certain that they are doing so? Thankfully, it is easier than ever before to start marketing your franchise and getting more eyes on it. Read on →

For business owners looking to grow their business, there are several options on the table. You can always expand your current location or open a new one under your umbrella, but more commonly, business owners will consider franchising their business to offset some of the expansion costs and take some of the responsibility directly off of their own plate. While franchising your business is an exciting way to grow, there are some important things to consider before you take the leap to make your franchising endeavor successful. Read on →