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Specialty broker FranchisePerils, a division of wholesaler Executive Perils Insurance Services, has enhanced its FranchisorSuite policy with the addition of joint employer coverage.
The policy is designed to provide protection for franchisors and their directors and officers, FranchisePerils said Thursday in a statement.
FranchisorSuite is a combined directors & officers, errors & omissions, employment practice liability, fiduciary liability and vicarious liability policy available in the U.S.
FranchisePerils will endorse FranchisorSuite to provide a $150,000 sublimit for litigation alleging joint employer liability, Los Angeles-based, FranchisePerils said Thursday in an emailed statement.