Gallagher

Arthur J. Gallagher & Co. is one of the largest insurance brokerage and risk management firms in the world, with the ability to structure customized programs for brands operating multiple locations across multiple states. For growing wellness franchisors, the relevant use case is a master insurance program: a franchisor-negotiated policy framework that franchisees can access at preferred rates, ensuring consistent minimum coverage levels across the system. This is more efficient than having each franchisee shop independently and creates visibility for the franchisor into whether locations are actually properly insured. Gallagher is not the right starting point for a single-location franchisee — for that, a direct online insurer or local broker is faster and cheaper. Engage Gallagher or a similar large broker when the franchisor is ready to negotiate system-level programs.

Reviewed by Miles Sutherland, Vendors & Equipment Editor