Start a We Insure Franchise in 2024

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

Industry	Financial Services
Related Categories	Insurance
Founded	2009
Parent Company	PEAK6
Leadership	Andy McGuire, CEOs
Corporate Address	1300 Sawgrass Corporate Pkwy., #300 Sunrise, FL 33323
Social	Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest, TikTok

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 Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$25,000 - $50,000
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$44,445 - $124,445
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$30,000 - $75,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	10% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	Varies
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	3%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	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? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes