Franchisors' and franchisees' insurance is a specialized type of coverage to address the specific risks faced by both parties in a franchise agreement. This insurance typically includes a range of policies that protect the franchisor's brand and intellectual property while also covering the franchisee's operational liabilities and business assets.
Unlike general business insurance, these tailored policies consider the unique interdependent relationship between franchisors and franchisees, ensuring both parties are adequately protected from unforeseen financial losses, legal disputes, and other liabilities.