Brightway Insurance named a Top Recession-Proof Franchise by Franchise Business Review
The only insurance agency franchisor on the list, Brightway continues to open franchises despite the recent economic downtown.
JACKSONVILLE, Fla., July 21, 2020 // PRNewswire // - Franchise Business Review has named Brightway Insurance to its list of the 50 Best Recession-Proof Businesses to Start in 2020. Brightway is the only insurance franchisor on the list. The company has continued to open franchise locations during the COVID-19 pandemic despite the economic disruption, and even created new, lower-cost opportunities and flexibility that make it easier than ever to open a Brightway store.
Franchise Business Review surveyed thousands of franchise owners and selected companies for the Recession-Proof list that have outstanding satisfaction among their franchise owners and that hold a strong advantage to outperform their competitors in the years ahead.
"Brightway's model empowers franchisees to open and grow their business, regardless of economic conditions, and you earn residual income year-over-year as policies renew," said Brightway President and CEO, Michael Miller.
"During these uncertain times, consumers are trying to cut costs wherever they can, and insurance is something they need, so having a wide range of choice allows you to shop the market to provide them with the coverage they need at the price they want," Miller added.
In addition to Franchise Business Review's recognition, Entrepreneur named Brightway to its list of the 5 Best Tax and Financial Franchises You Can Open This Year.
In response to the pandemic, Brightway has introduced a lower-cost franchise offering with freedom that gives people seeking the American dream of business ownership the opportunity to grow at their own pace. In June, the company announced the $5,000 franchise model that empowers owners to open a second store at no additional cost. Click here for more details about the new low-cost model and other franchise options available through Brightway.
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 brands, giving franchisees the ability to offer the right brands in their local markets. During tough financial times, having options is important for consumers.
Franchise Business Review, a franchise market research firm that performs independent surveys of franchisee satisfaction, provides the only rankings and awards for franchise companies based solely on actual franchisee satisfaction and performance.
About Brightway Insurance
Brightway Insurance is a national property/casualty insurance distribution company with more than $690 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 nearly 900 people in 208 offices across 22 states serving customers in all 50 states.
SOURCE Brightway Insurance
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