Storms, floods and hurricanes are common summer weather events that pose a serious threat to your Elevanta franchise business. Commercial damage alone totals about $9 billion a year. The risks are heightened if your business is in an area prone to severe storms, vulnerable to flash floods or located along the coast. Weather risks are [...]
Exposure to even a small amount of water can quickly result in damage to your franchise’s property. For insurers, water damage is one of the most common types of property claims, initiating somewhere between 15% and 50% of commercial property loss claims and resulting in bills from $10,000 to more than $1 million, depending on [...]
What challenges will franchise owners most likely face in 2025? Many industry experts say to expect continuing challenges involving inflation and food prices, while others speculate employment and worker wages will be areas of concern. When it comes to navigating these challenges and protecting your business, insurance and risk management can play a key role. [...]
Hiring and retaining quality employees has long been a challenge in the industry, as recruiting resources can be low and finding the time for the process can be tricky. Increasing minimum wage and a competitive job market has made things even harder, with many companies responding by changing how they hire. But doing so carefully [...]
If your small business operations were interrupted, would you be able to bounce back right away? For 9 out of 10 small businesses, the answer is no. According to FEMA, being forced to close for just five days can cause the majority of small businesses to fail within a year. But if your business were [...]