JACKSONVILLE, Fla. - June 4, 2014 // PRNewswire // - Forbes magazine has named independent insurance agency Brightway Insurance as one of the "Best Franchises in America."
Brightway Insurance placed No. 9 of 10 in the category of franchises with entry costs of up to $150,000, which was one of three categories created by Forbes based on FRANdata's intel, statistics and reviews from 3,000 franchises. The other two categories ranked franchise entry costs of $150,001 to $500,000 and over $500,000.
The company, founded in 2008 by brothers David and Michael Miller to offer agents and consumers an improved insurance agency model, has 108 store locations as of year-end 2013.
"Brightway's unique independent agency model allows for our associate agents to experience rapid growth by enabling them to focus on selling while we handle service after the sale," said Chairman David Miller. "Our turnkey system helps our agents get into the business very quickly and at a fraction of what it would cost if they were a traditional independent agent. And, our service after the sale helps our agents consistently sell more new personal lines business than traditional agents."
The company is reinventing the independent agency model. A typical independent insurance agent represents up to six insurance companies, while Brightway agents typically have access to more than twice that number.
Brightway's franchise fee is $30,000 for states with fewer than five stores and $60,000 for states with more than five stores. Brightway Insurance offers 100-percent financing for veterans seeking to open a Brightway franchise.
The company has earned recognition from Entrepreneur Magazine as the No. 1 insurance franchise in the country (2013), from Inc. Magazine as one of the fastest growing privately held companies in the country (2008-2013) and from Franchise Business Review as a "Top 50 Franchise" (2012, 2013). Inc. Magazine also awarded Brightway its Hire Power Award, recognizing the company as one of the top 100 job creators in the U.S. in 2012 and 2013. For more information about franchise opportunities, visit brightwaydifference.com or call 877-893-1824.
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SOURCE Brightway Insurance
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