Renegade Insurance Franchise
Risk Score
Pending analysis
Investment Range
$28,350 - $103,600
Franchise Fee
$20,000
Business Summary
Renegade Insurance businesses provide comprehensive insurance solutions by offering a wide range of tailored insurance policies for both individuals and businesses. The franchise operates under the Renegade Insurance brand and uses its proprietary operating system. Renegade Insurance offers six distinct business models: Retail Agencies, Retail Agency; Self-Service, Office Agencies, Office Agency; Self-Service, Enhanced Office Agencies, and Enhanced Office Agency; Self-Service. These businesses operate from approved locations, which can include traditional retail storefronts or professional office spaces. Some agency types manage their own service operations and are eligible for alternative royalty structures.
Corporate History
Renegade Insurance Franchising LLC, the franchisor, was formed on May 10, 2024, as a Florida limited liability company. Renegade Insurance Franchising LLC began offering Renegade Insurance franchises in October 2024. The company operates solely under the Renegade Insurance name and does not engage in other lines of business or offer other types of franchises. It does not have a predecessor entity and has never operated the same type of business it now franchises. The parent company is Renegade Insurance Inc., which holds the intellectual property. Affiliates, Renegade Insurance LLC, Renegade Agency LLC, and Renegade Insurance Holdco LLC, have operated insurance agencies since January 2019, November 2022, and October 2023, respectively, but these agencies do not operate under the Renegade Insurance System. Other affiliates, Renegade Nepal Pvt Ltd and Sage Innovation Services Private Limited, provide support and technology services to franchisees.
Financial Overview
Investment Range
$28,350 - $103,600
Franchise Fee (Low)
$20,000
Franchise Fee (High)
$45,000
Royalty %
20%
Equipment Costs (Low)
$1,000
Equipment Costs (High)
$27,000
Working Capital
$10,163
Audited Financials
No
Offers Financing
Yes
Financing Details
Renegade Insurance Franchising LLC offers direct financing exclusively for the Initial Franchise Fee. Franchisees can finance up to 60% of the Initial Franchise Fee, with a required 40% down payment. The financed portion is paid in 48 equal monthly installments, starting from the effective date of the franchise agreement. The promissory note for this financing does not accrue interest if all payments are made on time; however, if any payment is late, interest will be charged at a rate of 1.5% per month. Franchisees can prepay any portion of the promissory note at any time without penalty. Renegade Insurance Franchising LLC does not provide any other form of direct or indirect financing, nor does it guarantee any notes, leases, or other obligations.
Performance Metrics
Total US Locations
0
Franchised Units
0
Corporate Units
0
Avg Square Footage
1,050
Franchising Since
2024
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
4
Litigation Summary
Renegade Insurance Franchising LLC's affiliate, Renegade Insurance LLC, has been involved in four litigation cases. Two cases are currently pending: Larisa Paris v. Renegade Insurance LLC; Rashik Adhikari, an arbitration filed in February 2024, alleging violations of the Texas Deceptive Trade Practices Act and fraud, with mediation scheduled for later in 2024, seeking $10,000,000 in damages. The second pending case is Jeffrey Grady v. Renegade Insurance LLC, filed in January 2024, alleging wrongful termination and whistleblower retaliation, with mediation scheduled for November 2024. Two prior cases, Sarah Reichling v. Renegade Insurance LLC and Lilia Sanjuan v. Renegade Insurance LLC, were filed in May 2023 by former independent contractors in Texas. Both alleged fraud, negligent misrepresentation, breach of contract, and negligence, and were resolved in September 2023 through confidential settlements, with Renegade Insurance LLC paying $5,000 to each plaintiff without admitting liability.
Bankruptcy History
Renegade Insurance Franchising LLC reports that it has no bankruptcy history that is required to be disclosed in this Franchise Disclosure Document.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise agreement, Renegade Insurance franchisees must notify the franchisor in writing between 60 and 180 days before their current term expires. Franchisees must be in good standing, meaning they have no outstanding defaults under their agreement or any other agreement with the franchisor or its affiliates, and have not received more than three separate default notices in the 12 months preceding the renewal notice or the signing of the successor agreement. They are required to sign the franchisor's then-current successor franchise agreement and all related documents, which may include materially different terms, and a general release of claims against the franchisor and its affiliates. Franchisees must also renovate and upgrade their business equipment, tools, technology, and operations to meet current brand standards, completing these updates within 60 to 180 days before the expiration of the current term. Additionally, they must have the right to occupy their current premises for the entire successor term and make any necessary renovations, refurbishments, and modernizations to the location and business to align with current System standards for a newly opened franchise.
Training & Support Program
Franchisor Assistance
Renegade Insurance Franchising LLC provides various forms of assistance to its franchisees. Before opening, the franchisor offers consultation for identifying a suitable location, reviews lease agreements, and provides basic specifications for the design and layout of the premises. Franchisees must complete an Initial Training Program. For ongoing support, the franchisor informs franchisees about mandatory operational standards and procedures, and offers advice and guidance based on reports, inspections, or discussions, which can be delivered through written materials, electronic media, or telephone. Renegade Insurance Franchising LLC also provides lists of designated and approved suppliers, and issues monthly reports detailing commissions and agency fees received on behalf of the franchisee. A service center is maintained for centralized client service for certain business types, with self-service agencies having the option to use it for an additional fee. Periodically, the franchisor may modify the System, conduct site visits for operational assistance, and host national or regional conferences.
Initial Training Hours
80
Training Location
Virtually and/or a location in Orlando, Florida
Ongoing Support
Renegade Insurance Franchising LLC provides continuous support to its franchisees after they open. This includes keeping franchisees informed of mandatory operational standards, specifications, and procedures. The franchisor offers advice and guidance regarding business operations, which may be based on reports or inspections, and is delivered through written materials, electronic media, telephone, or other methods during regular business hours. Renegade Insurance Franchising LLC also provides additional training for newly hired personnel, refresher courses, remedial training, and advanced or special assistance as needed, though these may incur additional fees. Franchisees are allowed to continue using confidential materials, including the Franchise Operations Manual and the Renegade Insurance brand Marks. The franchisor provides a list of designated and approved suppliers and furnishes monthly reports of commissions and agency fees received on the franchisee's behalf. Renegade Insurance Franchising LLC maintains a service center for centralized client support for Retail, Office, and Enhanced Office Agency Business Types, though Self-Service variations can opt-in for an additional fee. Franchisees are also required to attend any national or regional meetings or conferences organized by the franchisor.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Hybrid
Owner Participation
Supervisory
Territory Type
Non-Exclusive
Territory Size Requirements
Renegade Insurance Franchising LLC grants franchisees a non-exclusive territory defined by a single state where the franchisee is licensed to sell insurance. If a franchisee wishes to operate in a second state, they typically need to enter into an additional Franchise Agreement, unless the franchisor approves operating a single Renegade Insurance Business in two states from one location. Franchisees must operate their business from an approved site within their designated state, though the franchisor may waive the office requirement for franchisees with an existing book of business, allowing them to operate from a home office if legally permitted.
Staffing Notes
Renegade Insurance Franchising LLC requires franchisees to determine appropriate staffing levels for their Renegade Insurance Business to ensure full compliance with the Franchise Agreement and System standards. Franchisees are solely responsible for hiring, training, directing, scheduling, and supervising their employees or independent contractors for daily operations, including ensuring all employees who sell insurance are properly licensed in their state. Franchisees are responsible for all wages, commissions, fringe benefits, and payroll taxes, and all personnel are considered the franchisee's own employees or contractors, not the franchisor's. Franchisees must use their legal business entity name (not the franchisor's Marks) on all employee-related documentation. They must also inform employees and independent contractors that they are the sole employer/contractor and post a conspicuous notice to this effect. The franchisor does not offer advice or guidance on these employment matters. Renegade Insurance Franchising LLC may require employees and independent contractors to sign a System Protection Agreement or Confidentiality Agreement.