Overview
Rikor is a franchise insurance technology and compliance company that eliminates insurance compliance risk and friction for franchise systems. The company combines a retail insurance agency licensed in all 50 states with proprietary software that automates the collection, verification, and scoring of franchisee insurance compliance across entire franchise networks.
Founded in 2020 by Wade Millward (CEO) and Jonathan Frazier (COO), the company operates through the ProtectMyFranchise.com platform. Over 120 franchise brands rely on Rikor's exclusive marketplace to manage franchisee insurance compliance -- from Franchise Disclosure Document (FDD) analysis and carrier sourcing to automated compliance monitoring and real-time reporting dashboards.
The platform replaces manual spreadsheet-based insurance management with an always-on risk management system. Rikor handles the full insurance lifecycle for franchise systems, analyzing Certificates of Insurance to ensure policies match FDD requirements and alerting on non-compliant or expiring policies in real time.
Products & Services
Franchise Insurance Compliance Platform (RMS)
Proprietary technology that automates collection, verification, and scoring of franchisee insurance compliance across a franchise network. The system analyzes Certificates of Insurance against FDD requirements and generates real-time compliance scores and dashboards.
Key Features
- Automated policy tracking and compliance monitoring
- Real-time compliance scoring and dashboards
- FDD analysis and brand-wide insurance requirements setting
- Integration with franchise management systems via REST API
- Automated alerts for expiring or non-compliant policies
Target Users: Franchisors managing multi-unit insurance compliance
ZeeCover Franchise Insurance Marketplace
A curated insurance marketplace enabling franchisees to purchase FDD-compliant coverage from pre-vetted carriers. Provides competitive pricing, expert policy support, and year-round monitoring from a single platform licensed in all 50 states.
Key Features
- ZeeCover insurance package with FDD-compliant policies
- Competitive pricing and expert policy support
- Licensed in all 50 states
- 120+ franchise brand relationships with pre-vetted carriers
- Quoting, servicing, and monitoring in a single experience
- Year-round monitoring and accurate underwriting
Target Users: Franchisees seeking brand-compliant insurance
Risk Management Consulting
Advisory services that help franchise systems develop and maintain appropriate insurance requirements.
Key Features
- FDD contract analysis and insurance requirement development
- Franchise insurance learning modules
- Proactive policy updates and risk consulting
Target Users: Franchisors developing or updating insurance requirements
At a Glance
- Founded
- 2020
- Headquarters
- Draper, Utah
- Employees
- 11-50
- Funding
- Seed
Category & Focus
- Category
- Compliance & Regulatory
- Subcategories
- Franchise Insurance Insurance Distribution Compliance Monitoring
- Insurance Verticals
- P&C Commercial Specialty/E&S
- Target Customers
- Carriers, Agents/Agencies
Customers
- 120+ franchise brands (undisclosed names)
Links
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Last updated: 2026-06-05