Any large-scale franchise business that wants to grow and prosper safely needs to rely on a secure insurance policy tracking system that protects all the involved parts. To avoid litigation risks, franchisees must have insurance coverage that monitors compliance status.

Every restaurant owner or franchisee must update insurance coverage, especially during this unprecedented time.

Check out our featured article on the IFA Community Website and IFA Franchise Blog regarding Property and Casuality Insurance over the next couple of quarters following the results of Covid.  https://www.franchise.org/franchise-information/finance/a-how-to-for-franchises-to-handle-property-and-casualty-insurance https://community.franchise.org/article/member-news/how-franchises-handle-property-and-casualty-insurance-purchases-over-next 

Coronavirus is a massive challenge to humanity that is not only making things complicated for human sustenance but also the worldwide economy. The insurance industry is one industry that has been impacted the most by COVID-19 and let us know from some industry experts as to what all challenges they are facing presently.

Break down of five different types of insurance that franchisees should be thinking about during the current COVID-19 crisis.

Insurance Carrier update on potential payment assistance or payment deferrals for COVID-19.

Texas Department of Insurance Release regarding claim-handling deadlines and premium payments in Texas

List of things a business owner can look at to reduce insurance premiums during a pandemic.

We are in communication with our carriers, staying informed of insurance industry discussions, and encouraging all businesses to proactively follow CDC guidelines and recommendations.

Links to a couple of resources we have found for information regarding businesses and coronavirus.