- 2024 Franchise 500 Rank
-
N/R Ranked #474 last year
- Initial investment
-
$44K - $124K
- Units as of 2022
-
192 104.3% over 3 years
We Insure is an independent insurance firm that is headquartered in Jacksonville, Florida. Established in 2009, We Insure has hundreds of agencies in 34 states nationwide.
This insurance company specializes in offering back end support as you work on the front end to minimize your sales processes' distractions and obstacles. We Insure offers most insurance lines from home, auto, business, health, and life insurance. With a strong presence in multiple markets, this company guarantees the best fit for your customers. We Insure is a top option for insurers looking to start an insurance business.
Why You May Want to Start a We Insure Franchise
We Insure is committed to eliminating all non-revenue generating processes from the agent, giving them ample time and space to focus all of their energies on quoting, selling policies, and catering to customers. The support structure, superior technology, and company culture are all desirable, enabling the brand to perform beyond average industry benchmarks. Their corporate management team has years of experience and many relationships built on trust.
Consistent high performance has helped the company gain awards and achievements in the insurance industry, making it renowned as a leader in innovation. It has recently made Entrepreneur’s Franchise 500 ranking, which is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
We Insure strives to provide excellent customer care service that handles complaints and queries effectively so that you can deal with the essential parts of the business. You can also take advantage of the networking systems of We Insure’s agents in order to get more referrals and advice when needed.
What Might Make We Insure a Good Choice?
To become a We Insure franchisee you should make sure you're financially ready for an initial investment, including a franchise fee and other potential startup fees. These fees cover the marketing, equipment, and training you will need to undertake operations in your new capacity as a franchisee with the company. Veterans may receive a discount if they choose to open a We Insure franchise. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
It may be wise to speak with a financial planner and an attorney as you explore the possibility of franchising.
How to Open a We Insure Franchise
You can start a We Insure franchise as an agent or agency, depending on the capital on hand and your previous experience. An ideal franchisee is someone with sales experience, knowledge of the insurance world, and business prowess.
Submit an inquiry with We Insure to learn more about the franchise opportunity and see if you'd be a good fit with the company. If all progresses well during interviews and various background checks, you may pay your investment and begin training to operate your We Insure franchise.
Company Overview
About We Insure
Business Overview
| Franchising Since | 2009 (15 years) |
|---|---|
| # of employees at HQ | 500 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 192 (as of 2022) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a We Insure franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$25,000 - $50,000 |
|---|---|
|
Initial Investment
|
$44,445 - $124,445 |
|
Cash Requirement
|
$30,000 - $75,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
Varies |
|
Ad Royalty Fee
|
3% |
|
Term of Agreement
|
5 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| In-House Financing | We Insure offers in-house financing to cover the following: franchise fee |
|---|---|
| Third Party Financing | We Insure has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | Ongoing |
|---|---|
| Classroom Training | 80 hours |
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Security & Safety Procedures
Field Operations
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where We Insure landed on this year's Franchise 500 Ranking versus previous years.
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