I’d like to know how a franchise insurance agency works in terms of:
- revenues (are the premiums collected given back to the insurance company, which invests them and gives back a commission to the franchise agency, or retained by the agency that gives a % of them to the insurance company?)
- investment (if the franchisee retains the premiums, does he also invest them and handle fund management? or does he simply retain them as liquid cash resources?)
- underwriting (who does it, the agency or the insurance company? in case a claim is legitimately filed, is it the agency or the insurance company to use its own resources to pay the reimbursement to the insured?)
- any other differences with respect to a normal insurance agency
I need this information for a research project
Thank you very much for your time
I am looking to buy a (new build) well known restaurant franchise for around £200,000. How much annual profit should I be looking to make a year with that type of investment.
I know it is difficult to answer as there are so many other factors, but any informaiton would be great past experiences.
I am currently in the development stage for my original comic book from Gator Creative Studio, “The Dynamite Twins”. If successful, how would I make it a franchise, such as creating a television series or a film?
