Franchisee and Franchisor Specialty - Insurance

As a Franchise organization, your business is unique. Your franchise has a set of guidelines that needs to be followed as per your FDD. You have a set of guidelines, processes, and procedures that are defined and followed throughout your entire business practice. We can utilize this to your benefit when searching for insurance on your behalf.

Insurance underwriters/carriers like it when businesses have defined and written processes and procedures. This eliminates the unknowns and provides structure to minimize risks. We can also use the buying leverage of the numerous Franchisees and the inherent safety of the process to drive the price of your insurance down. But the story must be told and presented correctly to these insurance companies to make this a reality.

Our Franchise channel allows us to focus on and negotiate specific discounts and bundled packages with national insurance providers that only your franchise will receive. We take an assessment of your FDD requirements and your unique business needs and craft a custom program just for your franchise.

Specific insurance related discounts and bundled packages can be related to:

• Workers' Comp
• General Liability
• EPLI – Employers Liability Insurance
• Business (Commercial) Auto
• Umbrella (Excess)
• Inland Marine
• Property
• Benefits (Health and Retirement)
• Payroll
• Risk Management
• E and O

Benefits to the Franchisee:

• Bundled Packages specifically designed for your franchise business.
• Discounted pricing and enhanced discounts for Franchise Volume.
• Comprehensive and customized policies to cover what your unique franchise requires.
• Enhanced buying power to reduce costs.
• A standardized process to buy insurance – just like for all of your other vendors.

Benefits to the Franchisor:

• Standardized insurance across the board for each franchise.
• Preferred vendor for insurance services.
• Reduced pricing for Franchisees – lower cost to start.
• Standardized forms for new Franchisees to get insurance.
• Standardized process to get and maintain insurance for Franchisees.
• Faster set up for new Franchisees – less time to market.
• Certificate of Insurance and maintenance of insurance certificates simplified.

It is never too late or too early to begin the process of standardizing or customizing these services. We work with both start-up franchises and fully seasoned national brands - and everything in between.

If you are a franchisee or a franchisor and are looking to standardize, reduce, enhance, and/or package your insurance costs/services please email us at info@regency1insurance.com or call at 949-393-4311.