Many entrepreneurs in the business service sector like the idea of opening an insurance agency. But establishing a solid reputation in the community takes a lot of hard work, time and effort.<\/p>\n\n\n\n
In this article, we explain everything you need to know about how to launch and own an insurance agency through franchising<\/a>, including the advantages and disadvantages and the steps you need to take to get started. We also talk about the best insurance agency to own.<\/p>\n\n\n\n Going into business for yourself always brings risks and rewards \u2014 and that includes launching and running a franchise<\/a>. If you\u2019re researching how to own an insurance agency, here\u2019s a closer look at some of the advantages and disadvantages you\u2019ll likely face when you open and own an agency as a franchisee.<\/p>\n\n\n\n Crafting a solid business plan is one of the toughest tasks many entrepreneurs face when they\u2019re getting started. Franchising alleviates that burden by giving you a successful blueprint to follow.<\/p>\n\n\n\n Other advantages of opening a franchise include:<\/p>\n\n\n\n The biggest disadvantage to owning a franchise is usually the capital required to launch. Initial franchise fees usually range between $5,000 to $25,000, and most companies also require their franchisees to have between $25,000 to $75,000 in liquid capital \u2014 the exact amount varies by franchisor.<\/p>\n\n\n\n Other disadvantages of opening a franchise as an insurer include:<\/p>\n\n\n\n Many franchisors terminate franchising agreements if strict requirements aren\u2019t met. If you want to own an insurance agency, you need to keep close tabs on all of these details.<\/p>\n\n\n\n If learning how to own an insurance agency<\/a> is something you\u2019re interested in, knowing where to start may seem a bit overwhelming. Here are a few steps<\/a> that can help you get started:<\/p>\n\n\n\n If you\u2019re looking to become an insurer by opening a franchise, you have several options<\/a> available. Five of the best companies to launch a franchise with are:<\/p>\n\n\n\n Ultimately, the best insurance agency to own is the one that aligns with your goals and vision as an entrepreneur. It should also have startup fees and requirements you can easily meet.<\/p>\n\n\n\n If you decide you want to own a Freeway Insurance agency<\/a> in your community, it will be part of one of the largest, privately-held distribution companies in this multi-billion-dollar sector of the U.S. market.<\/p>\n\n\n\n As a Freeway franchisee, you’ll own an insurance agency that\u2019s built on a strong, national brand name, with more than three decades of experience delivering quality coverage and ancillary products to customers across the country. You’ll also have access to all of the tools, technology and resources you need to make your office a go-to resource in your community.<\/p>\n\n\n\n Following our established franchise business model, we walk you through the entire process of launching your Freeway franchise from start to finish, ensuring your success through ongoing, comprehensive training.<\/p>\n\n\n\n Our initial franchise fee is around $15,000, with additional investment costs ranging between $45,000 to $85,000. We have funding options available with FranFund that can help you get started.<\/p>\n\n\n\n Once your office is up and running, we charge a 15% royalty fee on total sales commissions and ancillary revenue, as well as a technology fee of $650 per month for a one-person location. Also, Freeway franchisees must contribute 2% of sales commissions and ancillary revenue to our brand-marketing fund.<\/p>\n\n\n\n If you\u2019re looking for information on how to own an agency, the following resources can help:<\/p>\n\n\n\n If you\u2019re looking to launch a new business venture, a Freeway franchise is the best insurance agency to own. Get started online<\/a> or give us a call at (877) 822-3024<\/a>, and we will walk you through the process from start to finish, ensuring your new venture is a success.<\/p>\n","protected":false},"excerpt":{"rendered":" Many entrepreneurs in the business service sector like the idea of opening an insurance agency. But establishing a solid reputation in the community takes a lot of hard work, time and effort. In this article, we explain everything you need to know about how to launch and own an insurance agency through franchising, including the […]<\/p>\n","protected":false},"author":7,"featured_media":1212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rank_math_lock_modified_date":false,"inline_featured_image":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/posts\/1211"}],"collection":[{"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/comments?post=1211"}],"version-history":[{"count":3,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/posts\/1211\/revisions"}],"predecessor-version":[{"id":1321,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/posts\/1211\/revisions\/1321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/media\/1212"}],"wp:attachment":[{"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/media?parent=1211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/categories?post=1211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freewayfranchise.com\/blog\/wp-json\/wp\/v2\/tags?post=1211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What Are Some of the Advantages and Disadvantages You Face When You Want to Own an Insurance Agency as a Franchisee?<\/h2>\n\n\n\n
Advantages<\/h3>\n\n\n\n
Disadvantages<\/h3>\n\n\n\n
What Steps Do You Need to Take to Own an Insurance Agency as a Franchisee?<\/h2>\n\n\n\n
What Is the Best Insurance Agency to Own?<\/h2>\n\n\n\n
Why Choose to Own a Freeway Insurance Agency?<\/h2>\n\n\n\n
What Are Some Resources for Entrepreneurs Looking to Own an Insurance Agency?<\/h2>\n\n\n\n
Launch and Own a Freeway Insurance Agency Today!<\/h2>\n\n\n\n