Just like individuals, professionals must take out insurance to insure their business assets. Insurance companies have also developed a complete product for their destination : professional multi-risk insurance. In the case of a franchise business, there is no exception to the rule. It is highly recommended for an insurance policy.
Insurance, an obligation or a choice?
Although it is advisable, a business is not obliged to be insured. That said, it all depends on the situation of the company or encore of the profession in question. In some cases, holding a professional insurance policy becomes one an obligation either because of the law or because of the texts that govern the activity.
It is therefore necessary to inquire about the insurance obligations related to his activity or profession to know if his company must have insurance.
Among the professions concerned by the insurance obligation:
- health professions (medical liability insurance),
- legal professionals,
- building professionals (construction insurance, ten-year insurance),
- the involved professions of land motor vehicles …
Even if your business is not affected by the obligation, it remains recommended insurance.
Does the franchisee have to have the same insurance as their franchisor?
Given that he is primarily an independent entrepreneur, the franchisee is not in no case obliged to take out the same insurance as its franchisor. However, it would be interesting to benefit from the experience of the franchisor in this matter or less to benefit from partnerships, such as signed with des courtiers en assurance or des assureurs.
Why? On the one hand, because a franchise creation amounts to reiterating a concept and respecting all the fundamentals that define it: organization of the company, types of products, process, customer relationship … to preserve the activity.
On the other hand, given that franchisors have already experienced claims and made mistakes, they have the necessary experience to be able to explain to insurers the risks involved and so on. benefit from the most appropriate insurance.
By relying on your franchisor to choose your insurance, a franchisee is certain of take out perfectly adapted insurance in his case and of benefit from advantageous prices through partnerships between the network head and insurers or insurance brokers.
What does a professional multi-risk cover cover?
Premises, associated facilities, flooring and ceilings; professional furniture and equipment; goods; funds and values … Professional insurance allows to insure all these types of goods and more.
These assets are exposed to numerous risks such as: a fire, a flood, water damage, acts of vandalism, explosions, natural disasters …
Insurance companies therefore offer companies one complete product : professional multi-risk insurance. And because not all businesses have the same needs, insurers are putting in place basic coverage that can be supplemented by extended warranty coverage. specific risks.