
PURCHASING
POWER
DO I HAVE ANY PURCHASING POWER?
Your volume is your strength if the majority of your franchisees unite their purchasing power. Buying insurance from random various carriers dilutes your power. This could be the difference between a delay in policy issuance and a quick approval. It can also be the difference between a 'yes' or a 'no' from an an underwriter. Leveraging buying power can also give your brand access to more favorable terms. This is the Rikor Advocacy Program™, designed to flex your purchasing power.
Review brand exposure
Establish proper coverage
Insurance Compliance Program Rollout
CLIENTS
WHAT OTHER BRANDS USE YOUR AGENCY?
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POLICIES
WHAT POLICIES DO YOU WRITE?
All of them. Here are a few common policies a franchise needs, but some franchise's need special coverages.

GENERAL LIABILITY
Covers general claims to third party property damage or bodily injury

WORKER COMP
Medical and wage benefits to people who are injured or become ill as a result of work

AUTO
Covers damages to others as well as financial loss to you in the event of a vehicle accident.

UMBRELLA
Can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations.
* Informational purposes only. This is a list of potential coverage options, not a list of actual coverage. No amount of coverage is written or implied. Definitions are for educational purposes ONLY. These are not contracts nor are they implying actual coverage for any Rikor customer. Every insurance carrier is different, every policy is different, consult your agent regarding your actual bound policy coverage. No information within this site is legally binding or to be used before a judge or carrier.

DIRECTORS + OFFICERS
Protects directors or officers if they are sued by the organization's employees, vendors, customers or other parties for decisions that they make in the name of the company

EPLI
Employment-related claims including allegations of Wrongful Termination, Discrimination, Workplace Harassment and Retaliation.

CYBER
Covers a variety of different claims involving your technology use, from extortion and network security to invoice manipulation and social engineering

CRIME
Losses from business related crime by an employee.

INLAND MARINE
Covers products or materials while in transit on land or used during a construction project

PROFESSIONAL LIABILITY
Provides coverage against claims of negligence during a professional service.

PROPERTY
Coverage for your building, improvements to your leased space, or personal property and inventory being stored at a location

ERRORS & OMISSIONS
Protection from claims of inadequate work or failure to meet client expectations.

ALL 50 STATES
WHERE DO YOU SELL INSURANCE?
Franchises are national, so Rikor is licensed in every single state. We are also serving Canada.

INSURANCE MONITORING

Monitoring Franchisee Insurance
Franchisors receive franchisee insurance monitoring and the abilitiy to implement FDD compliance through a Real-Time Auditor™ and Risk Reports™.
Implement FDD compliance
Of course we do that for you, super simple. Protect the Franchise, protect the brand. Our service is built on consulting and powerful in-house software built to implement FDD compliance accross your brand.
CARRIERS
INSURANCE CARRIERS WE WORK WITH:
More carriers means better access to insurance markets; faster approvals, better coverage, better customer experience.
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