Buying or selling a franchise business is a major financial decision, and transaction insurance can provide additional protection for both buyers and sellers when a business changes hands.

Key Takeaways

• Why transaction insurance is changing the way Australian businesses are bought and sold
• How buyers and sellers can reduce risk during a business acquisition
• Why transaction insurance is now becoming accessible beyond large corporate mergers and acquisitions
• How additional protection can improve buyer confidence and support business finance
• Why franchise resales are particularly well suited to transaction insurance

In this episode of the Franchise Everything Podcast, Glenn Walford speaks with Paul Benjamin, Founder of Benjamin & Benjamin Insurance, about a new transaction insurance solution now available for Australian small and medium-sized business sales. 

Traditionally used in large corporate mergers and acquisitions, transaction insurance is now becoming accessible to smaller business and franchise transactions, helping reduce risk and provide greater confidence throughout the acquisition process.

Paul explains how transaction insurance can protect franchise buyers and sellers, support business finance approvals and provide greater certainty after settlement. The discussion also explores the role of accountants, lawyers, business brokers and franchise advisers in the transaction process, making this a valuable episode for anyone buying, selling or advising on a franchise business.

Episode Chapters

0:00 Welcome from the Melbourne Franchising Expo and introduction to Paul Benjamin, Founder of Benjamin & Benjamin Insurance

0:40 How transaction insurance protects Australian business buyers and sellers

1:06 Why transaction insurance was traditionally limited to business sales above $100 million

2:12 How warranty and indemnity insurance protects buyers and sellers during a business sale

3:42 Why transaction insurance is particularly valuable for franchise resales

4:13 How lawyers, brokers and insurers work together during a business transaction

5:35 Reducing transaction risk, improving buyer confidence and supporting finance approvals

6:02 Why transaction insurance is now available to Australian small and medium businesses

7:03 How transaction insurance complements due diligence and protects against hidden risks

8:28 How insurance claims work after a business sale is completed

9:56 Protecting major investments and retirement savings when buying a business

11:18 How accountants, lawyers, brokers and the franchise sector can use transaction insurance

11:56 How transaction insurance could change franchise business sales in Australia

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