Welcome to RJF's Franchising Risk and Insurance blog. We'll post thoughts, news and updates important to those in and serving the franchising industry. Check back often for updates.
May 2, 2012--Franchise owners often think insurance is a commodity, but there is much more to it. Often the lowest-cost insurance product will not give you the protection from the risks that are the most likely to affect your business.
March 30, 2012--This industry is moving in the right direction and that’s exciting for anyone involved with franchising. So what does that mean for franchise risk management? Just that franchisors need to maintain strict standards.
March 7, 2012--Managing franchisees’ certificates of insurance is like brushing your teeth. If done well and regularly, it can reduce the likelihood of bad things happening.
Feb. 22, 2012--At the recent IFA Annual Convention I was encouraged by the amount of optimism I heard from franchisors. But with franchise system growth comes liability. Franchisor's E&O insurance can provide a "backstop" of protection.
Feb. 20, 2012--Over 80% of franchisors I speak with do not maintain a regular method or system to ensure that compliance with FDD insurance requirements is happening. Unfortunately, that could mean disaster for the franchisees and franchisor alike.
Jan. 12, 2012--It is important to defend against data breaches and network security issues and be extra diligent and careful when collecting and storing customer records.
Dec. 13, 2011--Risk management is not simply insurance, and insurance does not equal risk management. Oftentimes I hear from frustrated franchisors after an issue happens. Sadly, many times these issues could have been avoided.
