The franchise segment is a thriving component of the Australian small business sector, employing well over 700,000 people, and contributing $128 billion to our economy.
While franchise business models are highly successful and innovative, each one is unique in its own right, and requires a specialised approach when it comes to an insurance solution.
There are numerous benefits related to being part of a franchise system for both franchisees and the franchisor, however there are still risks associated with owning and operating a franchise.
We have over 35 years’ experience managing the insurance and risk programs on behalf of many prominent Australian franchises. Whitbread strive to protect your assets, liabilities and your key people.
Our specialist insights and expertise in this space will ensure that you are best equipped to handle any unexpected events which may affect the continued success of your franchise business.
We develop insurance solutions for both the franchisee and the franchisor.
With Stage 4 Coronavirus restrictions having been imposed in the Melbourne metropolitan area for several weeks, there has been an impact to the way businesses are legally allowed to operate for the duration of this period.
Unfortunately these restrictions have had an unprecedented impact on the progression of insurance claims, whereby builders and other repair and maintenance companies are only legally permitted to carry out a very limited scope of works.
Devastating bushfires plagued much of Eastern Australia last summer, before a deluge of rain arrived, causing severe flooding and widespread damage to an unprecedented number of properties - including residential strata.
In the aftermath of a flood, many depend on their insurance to help recoup losses. Sadly, stressful situations are often made worse when people discover their Strata Insurance policy does not cover damage as a result of flood.