RMS Introduction

Monitoring risk across a large portfolio of businesses is challenging. Risk management is when a key stakeholder wants to monitor insurance coverage. RMS™ monitors Rikor uses its in-house proprietary “Risk Management System (rms.™)” to monitor compliance between franchisors and franchisees. Franchisors get inside access to log in and view custom reports that are updated daily.

How does the RMS work?

FDD Insurance Requirements are input in the Risk Management System (rms.™) system for all required coverages for a brand. These requirements are used for both comparative analysis and quote proposals. During comparative analysis, the rms.™ matches the Insurance Requirements with the franchisees’ coverages listed in their Certificate of Insurance (COI). When our quoting team is shopping for the best option they use the Insurance Requirements from the rms.™ to create Quote Proposals™. The rms.™ ensures the quoting team has the right coverage information to accurately quote the franchisee based on brand specific FDD requirements.