Cyber coverage for the unique Franchisor & Franchisee relationship
MSR FranchiseGuard Overview
Coverage offered through the Franchisor as a "sponsor" wherein the Franchisor has vicarious liability coverage for breaches that occur on franchisee systems (or for a non-electronic breach of privacy). We offer turnkey solution for breach response which may be a significant driver for the Franchisor wanting the franchisee to buy the cover, since the Franchisor is the one whose brand will be harmed and who could end up as the deep pocket.
Excess + Surplus
A.M. Best Rating
Lloyd's of London
$2M per occurrence/aggregate
Full first and third party cyber coverage for Franchisee-controlled Computer System
Affirmative coverage for PCI fines, penalties, and assessments
Optional coverage for Breach Response expenses outside the limit
Franchisor granted vicarious liability coverage for breaches caused by the franchisee
Customer attrition loss (coverage for unusual business churn following a breach event)
Customer attrition mitigation coverage sub-limit
Coverage for value of compromised Gift/rewards cards
Franchisees will receive significant discounts for participating in this program.
Included but not limited to:
Clothing and accessory retail
Food and beverage
Membership services (gyms and spas)
Home care services
Completed Franchisee Application
Completed Franchisor Questionnaire
*Franchisor is required to become a Sponsor in order for their Franchisees to participate in this program.
In order for a Franchisor to become a Sponsor, please fill out the Franchisor Questionnaire located above.
If you are a Franchisee, and your Franchisor is not a Sponsor, please visit the MSR CyberSecure program for more information.