Brightway Insurance Introduces Flexibility That Will Help New Franchisees Open A Business In A COVID-19 World
Promotes social distancing, defers initial capital required to open a retail location
JACKSONVILLE, Fla., April 15, 2020 // PRNewswire // - Throughout its history, Brightway Insurance, one of the largest Personal Lines agencies in the U.S., has adapted continuously to make ownership in a franchise system with low risk and high reward easy. As it continues to forge new paths, the company is now offering flexibility to its franchise contract that will make it easier than ever to get started with franchise ownership during these unprecedented times.
"We're now offering a safe, stay-at-home experience for franchisees to launch their businesses quickly while deferring costs incurred until they are able to open their insurance store," said Brightway President and CEO, Michael Miller.
Normally when a new Brightway franchisee opens a retail location, the company requires the store to be in a traditional retail space with a storefront. Franchisees also must have three employees working in the location by the end of the first year in business.
Under the agreement available while COVID-19 stay-at-home orders are in place, the company is not requiring the new franchisee to open a retail office space or to staff according to the traditional agreement.
Rather, new franchisees may work from home initially. Once officials lift stay-at-home orders, a franchisee will have 60 days to find a professional office space for the business. When the office space is operational, the franchisee will have 90 days to hire an employee.
Providing such flexibility for new franchisees will reduce initial expenses involved with leasing retail office space and outfitting it with furniture and exterior signage.
The franchisee will have one year from the time the business moves into the office space to relocate to a fully operational retail space with three employees.
"Our cloud-based infrastructure empowers our franchisees to continue to operate and be there for our customers in their greatest hour of need," Miller added. "We're extremely proud of the recession-proof business opportunity we've created where franchisees earn residual income year-over-year as policies renew no matter the economic forecast, and we're pleased to offer this flexible opportunity for people who want to open a Brightway franchise."
Brightway's low-risk, high-reward business opportunities allow people from a wide variety of backgrounds to prosper. A centralized team of experts provides training and support in areas including Customer Service, Accounting, Marketing, Distribution, Business Analytics, Carrier Appointments, Licensing, Onboarding, Training, Hiring and Retaining personnel. The company's signature after-the-sale service empowers franchisees to focus on new business sales and provides their customers the personalized service they deserve.
In addition to providing holistic business support, Brightway has relationships with hundreds of insurance companies, giving franchisees the ability to offer more choice in insurance brands to consumers. During tough financial times, having options is incredibly important for consumers.
About Brightway Insurance
Brightway Insurance is a national property/casualty insurance distribution company with more than $660 million in annualized written premium, making it one of the largest Personal Lines agencies in the U.S.
Brightway's focus is on producing Win, Win, Win outcomes for consumers by offering customized insurance solutions and for people wishing to sell insurance by providing business opportunities that span from single Agent to multi-unit enterprises. Regardless of the path taken, Brightway provides the support necessary to consistently outsell other insurance agents.
Brightway got its start in 2008 and has since grown to more than 900 people in 206 offices across 22 states serving customers in all 50 states.
Consumers seeking a better insurance buying experience may visit Brightway.com.
SOURCE Brightway Insurance
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