Global professional services firm Aon has announced the launch of its franchise solutions program in North America to simplify the insurance process for both franchisors and franchisees.
The multi-industry franchise solutions program, powered by CoverWallet technology, aims to provide support to franchise businesses in understanding and managing risk across their franchisee network, while also delivering customized insurance programs to franchisees.
Its real-time coverage verification offers franchisors insights on compliance and potential exposure, through digital tools, data and analytics. In addition, its real-time insights allow the analysis of risk exposures and compliance standards, enabling franchisors to make better decisions.
Aon today announced the launch of Aon’s Franchise Solutions program in North America, a multi-industry program simplifying the #insurance process for both franchisors and franchisees, powered by @CoverWallet technology: https://t.co/z4ZyCQ5HJR #franchise
— Aon (@Aon_plc) October 19, 2023
Aon also offers franchisees dedicated broking resources, tailored coverage at preferred rates designed to meet franchisor compliance requirements at various levels. The program enables them to manage insurance policies online, receive multiple quotes in real time and obtain certificates of insurance, all in one place.
The firm said that as franchisees expand and grow, they must stay protected with data-driven insurance recommendations and dedicated resources to help meet their needs.
“Managing insurance for franchisors and franchisees is not always simple and straightforward, especially for multi-unit operators,” said Andreea Stefanescu, head of North America partnerships for Aon’s Digital Client Solutions. “Aon’s Franchise Solutions Program provides a unique experience that simplifies their insurance management journey, helps protect businesses from unknown risks and helps franchise networks function seamlessly.”
Last month, Aon launched insurance solution FI Protect 360, aimed at providing a singular approach to operational risk management encountered by financial institutions.
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