(Image source: Aon.)
Aon plc (Chicago) a global professional services firm, has announced the launch of Aon’s Franchise Solutions program in North America. Powered by Aon’s CoverWallet (New York) technology, Aon says its franchise solutions are designed to better inform, advise and protect franchise businesses.
Aon says it seeks to help franchise businesses understand and manage risk across their franchisee network, while also delivering customized insurance programs to franchisees at scale. The company says franchisors benefit from real-time coverage verification that provides insights on compliance and potential exposure, through innovative digital tools, data and analytics. Aon reports that it provides real-time insights to analyze risk exposures and compliance standards, empowering franchisors to make better decisions.
“Managing insurance for franchisors and franchisees is not always simple and straightforward, especially for multi-unit operators,” comments Andreea Stefanescu, head of North America partnerships, Digital Client Solutions, Aon. “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.”
For franchisees, Aon says it offers dedicated broking resources, tailored coverage at preferred rates designed to meet franchisor compliance requirements at various levels, and a simple buying experience. The platform enables them to manage insurance policies online, receive multiple quotes in real time and obtain certificates of insurance, all in one place. With these solutions, Aon asserts that it eliminates friction in the insurance buying and servicing process, thus closing protection gaps and reducing the time franchisees spend on insurance.
As franchisees expand and grow amid new forms of volatility, they stay protected with data-driven insurance recommendations and dedicated resources to help meet their needs with both high-tech and high-touch service, Aon says. For companies like Restore Hyper Wellness (Austin, Texas), a provider of proactive health and wellness services, Aon negotiates pricing with A-rated carriers to offer their franchisees coverage solutions including General Liability, Property Insurance, Workers Comp and Professional Liability. The program helps franchise networks navigate the intricate web of insurance policies and regulations to help keep their business protected, according to Aon.