Need a quote? Download, complete and
return the NFA+ Plus Business Insurance Program application
today.
Introduction
The NFA leadership created the “NFA Risk Management Corporation”
and the NFA+ Plus Business Insurance Program to ensure that coverage
would be available to BURGER KING® franchisees in both soft
and hard markets. The NFA+ Plus objective is to provide lines
of commercial insurance policies to all franchisees as part of
a stable insurance program at better-than-competitive rates.
Generally, the current commercial insurance market can be considered
"softening." After several years of rising rates--which
yielded higher profits for insurance companies and caught the
eye of investors--an influx of capital has caused prices to begin
dropping.
To BURGER KING franchisees and all commercial insurance buyers,
the lowered prices and aggressive discounts on premiums that accompany
a soft market are favorable. Caution
should be observed, however, and policies should be verified
to ensure unfavorable terms are not being offered in exchange
for lowered rates.
The NFA+ Plus Difference
NFA+ Plus is more than just insurance coverage. It is a total
risk management/loss control and prevention program. One key aspect
of this program is the comprehensive loss-control service, which
is designed to reduce the frequency and severity of losses at
the restaurant level. Login to the members-only site to
download the complimentary NFA+ Plus Loss Control Guide.
Additionally, aggressive and proactive claims-handling programs
have been implemented. NFA+ Plus promptly and fairly pays legitimate
claims, while vigorously contesting inflated or illegitmate claims.
Program Overview
Insurance carriers analyze franchisees' loss history and price
insurance premiums accordingly; therefore, NFA+ Plus emphasizes
loss control and claims management as a means of obtaining lower
cost insurance. NFA+ Plus successfully utilizes proven unique
loss control techniques used at BURGER KING restaurants as well
as other quickservice restaurant chains.
If you qualify for the NFA+ Plus program and you are willing
to take loss control, and claims management seriously, you can
save a substantial amount on your insurance premiums.
Key Program Elements
The insurance program is staffed by experienced & licensed
professionals. In addition, a select group of BURGER KING franchisees
hold leadership roles in the program’s design and ongoing
management.
NFA+ Plus in-house loss control personnel work with franchisees
throughout the country to counsel and train them on how to reduce
losses and manage claims effectively. Quarterly loss reports
are provided to each participating franchisee, so they will
always know where they stand with accident frequency and cost.
Large claims are monitored to ensure they and all others are
handled fairly. Loss control seminars and restaurant inspections
are an integral part of this program.
Employment Practices Liability Insurance (EPLI), available
through NFA+ Plus, is designed to respond to employment-related
insurance claims, including discrimination, wrongful termination,
retaliation and sexual harassment. Recent studies show employers
are more likely to experience an employment-related insurance
claim than a general liability claim or even a property claim.
Seventy-five percent of litigation brought against corporations
involves these employment-related disputes. For more information,
download the recent NFA+ Plus ELPI case
studies and program
highlights or contact
your NFA+ Plus Insurance Service representative toll-free at
(866) 402-7952.
After evaluating numerous administrators for the NFA+ Plus
program, Wachovia Insurances Services was selected as our approved
broker. The nation's ninth-largest broker, Wachovia is responsible
for obtaining loss and underwriting information. They also initiate
pricing, issue binders and certificates, as well as assist in
answering any questions you may have.
NFA+ Plus Lines of Coverage
General Liability Insurance
First Mercury, A rated company
Property Insurance, Crime Coverage
Commonwealth Insurance Company, A rated company
Workers'
Compensation
Amtrust, A- rated company
Pennsylvania Manufacturers' Association, A- rated company
Zenith, A rated company
The NFA is now taking PAC contributions and it's
easier than ever. To make your contribution, fill out an NFA-PAC
pledge form today!
NFA+ Plus
Your MEMBER-OWNED Insurance Program
With NFA+ Plus, competitive rates and terms,
extensive loss control services and proactive claims handling
come together to form a commercial insurance package designed
specifically for the needs of BURGER KING® franchisees.
Complete an application
today to join your member-owned insurance program.
Login
to the NFA members-only site to access claims reporting information!
Questions?
Call us (toll-free) at 866-402-7952 for more information or
assistance.
