Potential Claims Franchisee (Plaintiff)
DD
- Rescission Claim
- Misrepresentation Claim
- Failure to provide Franchising Services
- Failure of Duty of Good Faith and Fair Dealing
- Employment Practices Claim
LOSS
E + O
Vicarious Liability Exclusion
Breach of Contract Exclusion, Named Services
LOSS
D + O
Breach of Contract Exclusion
Franchisee Exclusion
Problems:
- Potential denial or severe gaps of coverage due to exclusions
- Two claims adjusters
- Two deductibles
- Coverage allocation
- Inability to use own legal counsel
Potential Claims Franchisee (Plaintiff)
DD
- Rescission Claim
- Misrepresentation Claim
- Failure to provide Franchising Services
- Failure of Duty of Good Faith and Fair Dealing
- Employment Practices Claim
IPI Franchisor Amendatory
(If Purchased)
E + O
D + O
Defence Costs, Indemnity, One Deductible, Reduced Premiums,
Arthur Wishart Act and other similar Provincial disclosure statutes covered.
See Policy For Exact Terms, Conditions & Exclusions
ARE YOU WORRIED ABOUT BEING SUED BY YOUR FRANCHISEES AND OTHERS? FINALLY, A SOLUTION JUST FOR YOU, THE FRANCHISOR!
Exclusive franchisor product in Canada! Finally, an insurance policy specifically designed for you, the franchisor! An increasingly volatile and litigious environment around lawsuits from third parties is always cause for concern for any business. A unique and growing issue for franchisors is litigation around claims for rescission.
How the program works for Canadian franchise disclosure and other claims
- Tailor-made franchisor cover for rescission claims, the Arthur Wishart Act and other similar Provincial Disclosure Statutes
- For more information, please contact franchise@insuranceportfolio.com or call the office.
Exclusive franchisor liability program
Here's a breakdown of two different scenarios, the Traditional Structure and the Franchising Amendatory Program.
