HOW
HOW DOES RIKOR WORK?
Rikor knows insurance compliance for a franchise is filled with challenges. Here’s how we approach the challenge.
BRAND OWNER
Rikor maintains an executive stakeholder relationship to sponsor an ongoing concern for insurance compliance.
RIKOR CONSULTANT
Rikor will examine current FDD requirements and consult with the brand owner or legal team.
FRANCHISEE
RIkor develops a Franchisee communication strategy so they understand the obligation to mitigate risk and protect their investment.
MINIMIZE FRICTION
HOW DOES RIKOR REDUCE THE PAIN OF GETTING INSURANCE?
Most brands don't have an insurance carrier, so your franchisees are left to find their own market for their policies. Establishing a carrier appetite with your brand first will greatly reduce the insurance buying time.
FDD REVIEW
A Rikor Consultant will ensure the insurance requirements for your franchise meet at least best practices for small businesses.
RISK ASSESSMENT
Ensure exposure is identified properly. Each brand is different, some businesses are exposed to unique risk.
CARRIER ALIGNMENT
Match a carrier to your brand that fits their appetite. We have found that quoting and binding is much smoother when your franchise is pre-approved with an insurance carrier.
