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Hear how Higginbotham helps Christian Brothers Automotive to protect their operations, which span across 35 states and include more than 275 stores. By optimizing coverage and serving as a long-term partner, Higginbotham’s team helps to ensure that each store and team member thrives under a culture of care and commitment.
Your franchise needs an insurance partner that can look closely at your operations, streamline the underwriting process and reduce barriers to help meet your unique needs.
Our team of franchise insurance specialists have experience managing large multi-regional franchise programs – without sacrificing the tailored service and personal relationship that Higginbotham is known for. We’ll help to create a centralized insurance program that provides greater protection for both you and your franchisees.
Coverage will vary depending on your specific industry, but franchisors will typically require their franchisees to carry the following policies:
As a franchisor, you have a unique set of risks that are different from the franchisees operating under your branding. Because of this, coverage for franchisors typically focuses on operational risks. Some common types of insurance for franchisors include:
While insurance can offer your business some protection, without a solid risk management strategy in place, you could be facing many exposures that you may not even be aware of. That’s why our team begins with a custom risk analysis of your franchise operations, reviewing year-over-year performance and identifying loss sources.
After developing a strong understanding of your current operations, risks and priorities, our team delivers a risk management and loss prevention program that’s tailored to your operation. This could include strategies like:
At Higginbotham, we work closely with you to understand the unique aspects of your franchise, allowing us to create a customized program that fits your requirements. From the initial consultation to ongoing support, our goal is to reduce your overall cost of risk, enhance your operational efficiency and, ultimately, contribute to the success and growth of your franchise.
