Franchise

The CIB Franchise product has been specifically designed for franchise owners, providing franchisors and franchisees peace of mind in the event of a claim.

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The CIB Franchise Target Market Includes

• Retail stores
• Fast food outlets
• Restaurants
• Non-industrial / non-hazardous franchise stores

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Key Features

• The CIB Franchise Policy is only available to franchise owners and can only be obtained from an accredited CIB Broker.
• The product has been approved by most franchise operators.
• Loss of revenue cover extends to cover franchise royalties.
• The rating on the product will be more competitive due to comprehensive technical knowledge of the industry.
• This is an all encompassing product.

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Key Benefits of the CIB Franchise Product Include

• Deterioration of stock on all risk basis R5 000.
• Automatic geyser cover includes limit R8 000.
• Franchise royalties automatically included (in favour of head office).
• Claims preparation costs automatically included up to R20 000.
• Public Utilities Automatic Cover R25 000 (subject to a 12 hour time excess).
• Automatic money increase in December limited to 15% of major limit.
• Automatic cover for reinstatement of data up to R20 000 and software of R5 000.
• Liability cover automatically includes food poisoning cover up to R1 000 000.
• Malicious damage to property automatically included under the Theft Section of R10 000.

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Please note that this is a summary of the cover available. The full terms, conditions and exclusions of cover are contained in the CIB Commercial Policy Wordings.