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Home Insurance Law

From Yelp fallout to class actions: Franchisees face a ‘double-edged sword’

admin by admin
2025年8月31日
in Insurance Law
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From Yelp fallout to class actions: Franchisees face a ‘double-edged sword’
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“Loads of small franchise homeowners have EPLI as a part of their BOP coverage,” Murphy stated. “However sadly, these are usually not full insurance policies. There are sometimes sublimits, or they’re endorsed onto a BOP and the restrict for EPL could be very small. [After all], generally it takes a few calls to a lawyer to assist defend the declare and the sub-limit is exhausted. Similar to the remainder of the economic system, the price of claims has elevated through the years, from the fee to defend to the typical settlement cost. So, a $50,000 or $100,000 sub-limit in a BOP is simply not ample anymore.”

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