InFocus: Franchise Insurance

Wynward Insurance: the obvious solution for Canadian franchise owners

Wynward Insurance: the obvious solution for Canadian franchise owners

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Canadian franchise owners and operators have enough stresses without wondering whether their insurance provider will protect against the array of damages that can befall their brand. This is why they turn to Wynward Insurance Group.
 
“There’s an incredible peace of mind captured when all outlets are on a standardized program with superior coverage that addresses their needs,” said Rick Swanarchuk, Vice President, Broker Distribution, Marketing and Regional Operations, Wynward Insurance Group.
 
While other carriers in this market offer just one customary solution, Wynward supplements its sophisticated platform with customizable policies tailored to each franchise’s segment of business and individual needs. This includes addressing any coverage gaps with extension supplements, and can even include negative publicity coverage to mitigate any reputational risks that may arise.
 
What is also reassuring for franchise owners is Wynward’s AM Best rating. While the A (Excellent) designation is impressive in and of itself, it also serves as a distinguishing factor for franchises requiring this financial strength standard in the marketplace.
 
“A lot of these franchise models are dealing with suppliers or vendors who make the request that if they’re going to do business together, the franchise be supported by a financially strong insurance provider,” Swanarchuk said.
 
For all of these reasons, the future is bright for Wynward Insurance Group.
 
“We’ve probably only scratched the surface here in these first two years of offering this coverage,” said Swanarchuk.  “It’s a leading product, but it’s still in its infancy in the sense that there’s an entire magnitude of growth ahead of us.”
 
National Manager, Underwriting Operations Ken Bolt also sees a promising future for this commercial line.
 
“The franchise vertical is growing, which even beyond the published statistics, you can see these national and international brands popping up on streets in every Canadian city. As more and more of these brands, chains, and franchises enter the market, we’re excited to be there to partner with them,” said Bolt.
 

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Founded in 1920 as a joint venture of prairie grain elevator owners and originally named Grain Insurance & Guarantee, the Company rebranded in May of 2013 to Wynward Insurance Group.  With a focus on Commercial Property & Liability, Wynward insures over $40 Billion in property assets across Canada.
Wynward operates from coast to coast, with regional offices throughout Canada.  Headquartered in Winnipeg, the Company has been recognized for the last two consecutive years as one of Canada’s Top 100 small to medium employers and has an “A (Excellent)” financial strength rating from A.M. Best.
Wynward Insurance Group embraces the same ideals that have driven our company’s success for nearly a century: prioritizing our relationships, meeting every challenge with confidence, and looking for opportunities to innovate.
With this deep understanding of our foundation, we keep looking forward and evolving our business to meet the ever changing needs of our customers.
Wynward is a company facing forward, positioned for continued growth and looking to the future with ambition and anticipation, for our clients and our partners.