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Climbing five spots to #11 in Entrepreneur Magazine’s 2022 Top Franchises for Less Than $50,000, Jacksonville, Florida-based Brightway Insurance continues on its path of steady growth driven by innovation and a compelling business model. By pairing low cost of entry in a growing industry and back-office support Brightway continues to enable the success of its agencies nationwide.
The company credits significant recent investments in its people and evolving technology – and a franchisee- and customer-centric culture – for its continued success.
“Support for our franchisees and our customers is paramount at Brightway Insurance. We are building a technology-enabled, turnkey insurance franchise of the future and ensuring our customer engagement team is prepared to provide an exceptional customer experience across all engagement channels,” shared Mark Cantin, Brightway Insurance President and CEO. “In addition, we now offer attractive financing options and commission bonus opportunities to further support the success of our franchisees.”
Established in 2008, Brightway grew to become one of the largest privately-owned property/casualty insurance distribution companies in the U.S. with over 300 franchises in 30 states and over $900 million in annual premiums. In late 2021, Brightway’s success led to a private equity investment from Growth Curve Capital that has infused the company with financial and human capital, and data and analytics access, to accelerate growth and deliver new and exciting market opportunities.
“The partnership with GrowthCurve is empowering Brightway to continue its national expansion and strengthen our value proposition for our franchisees, customers and team members,” Cantin added.
Brightway’s low-risk, high-reward business opportunities allow people from a wide variety of backgrounds to prosper. Brightway’s franchisees are backed by more than 400 insurance experts offering support in areas including Customer Service, Accounting, Marketing, Distribution, Business Analytics, Carrier Relations and Appointments, Licensing, Recruiting and Hiring.
The company’s signature after-the-sale service empowers franchisees to focus on meeting their customers unique needs and build their business by offering coverage solutions from a range of insurers. Additionally, franchisees enjoy a residual income stream when policies renew and the option to open a second location with no additional franchise fee.