At Rikor, we believe in the power of entrepreneurs—the ones who dare to dream, build, and make things happen. These risk-takers drive innovation and create opportunities, and our vision is to stand beside them, protecting their investments from the unforeseeable. As a franchisor, ensuring that every location is properly insured and compliant is essential to safeguarding your brand and the businesses that represent it. The Risk Management System (RMS) is the tool that makes this possible.

Relentless Innovation is at the core of what we do, and the RMS is a direct reflection of that commitment. Traditional compliance tracking—relying on spreadsheets, emails, and manual follow-ups—is outdated and inefficient. These methods create unnecessary risk: missed renewals, incorrect coverages, and compliance gaps that leave both franchisors and franchisees vulnerable. The RMS eliminates these risks by centralizing all COI data in one platform regardless if they are a Rikor customer or not, automating compliance tracking, and providing real-time alerts when action is needed. Instead of chasing paperwork, franchisors can focus on strategic growth while ensuring every location remains protected.

Taking empowered action is key to franchise success, and the RMS ensures compliance is no longer a reactive process. If a franchisee’s policy expires, lacks required coverage, or fails to meet FDD requirements, the RMS immediately flags the issue, allowing franchisors to address it before it becomes a liability. By leveraging automation, the RMS streamlines communication, sending proactive reminders to franchisees when COIs are expiring—keeping them accountable while reducing administrative burdens on compliance and operations teams.  Now, the RMS does not replace your workload when it comes to compliance, but it gives you the foundation you need. 

Beyond compliance, data transparency and insight set the RMS apart. With real-time reporting and tracking, franchisors can identify trends across their network, monitor at-risk locations, analyze insurance provider usage, and spot coverage gaps before they lead to exposure. This isn’t just about checking boxes—it’s about setting a higher standard for risk management and brand protection.

At Rikor, we go above and beyond to ensure franchisors have the tools they need to succeed. The RMS provides peace of mind, ensuring that franchise networks remain compliant, reducing the risk of uninsured claims, and allowing teams to work smarter, not harder. As your partner in risk management, we are committed to making insurance accessible and transparent, leveraging technology to drive industry-wide innovation, and helping your brand thrive.

If you have any questions or need guidance on maximizing RMS, our team is here to support you.