Recognition Reinforces Commitment to Responsible Franchising and Risk Management Excellence
New Braunfels, TX –August 19th 2025 – Rikor, a leading insurance compliance and risk management partner for franchise brands, has successfully achieved accreditation from The Franchise Consortium, joining an elite group of vetted and trusted suppliers in the franchise industry. This prestigious recognition underscores the company’s unwavering commitment to responsible franchising, comprehensive risk protection, and safeguarding franchise systems.
The Franchise Consortium’s accreditation process is one of the most stringent in the industry, evaluating suppliers across 24 key performance indicators in categories such as Professional Excellence, Trust and Verification, and Industry Commitment. To qualify, suppliers must achieve a minimum 80% score across all categories, demonstrating their ability to deliver value and maintain high standards of service.
“Drawing from years in commercial insurance and building technology for franchisors, we help brands protect their systems, strengthen franchisee compliance, and unlock growth through smarter risk strategies,” said Wade Millward, Founder of Rikor. “Too many franchisors treat insurance as a box to check with placeholder policies, but responsible franchising means taking a serious look at how to finance inherent business risks and committing to protect every part of the franchise chain.”
A Track Record of Trust and Protection
With deep industry expertise and an operator’s mindset, Rikor has become a trusted resource for franchise brands looking to safeguard their reputation while scaling operations. The company’s approach blends comprehensive risk management with practical solutions that work in the real world, fostering long-term partnerships built on protection and performance.
“The franchisors who get it right take a proactive stance,” Millward added. “They educate franchisees on risks, guide them toward appropriate coverage, and put measures in place to protect both the brand and individual owners. That’s the difference between a single uninsured claim destroying a business and a franchisee having the protection they need to keep going.”
Advancing Responsible Risk Management in Franchising
Millward’s perspective on responsible franchising extends beyond traditional discussions of scaling and capital requirements. “Without understanding and addressing risk, we’re leaving a critical gap,” he explained. “Franchisors, franchisees, and service providers are all links in the same chain. If we don’t know how those links connect and how to protect them, we can’t truly be responsible.”
Partnership with The Franchise Consortium
The Franchise Consortium is dedicated to promoting responsible franchising by helping brands identify high-quality suppliers through a rigorous vetting process. Millward values the Consortium’s commitment to due diligence over profit.
“When I met Keith and his team, I immediately wanted to apply,” said Millward. “Being associated with that caliber of trust and credibility means I can help more franchisors and franchisees for years to come. What I value most is that there’s a rigorous 24-point vetting process to ensure only the best suppliers are recommended—exactly what franchisors deserve.”
By achieving this accreditation, Rikor further solidifies its role as a trusted partner in helping franchise brands navigate complex risk landscapes while maintaining operational excellence.
“We are honored to be recognized by The Franchise Consortium,” Millward said. “This accreditation reaffirms our mission: to help franchise brands protect their systems, ensure compliance, and achieve sustainable growth through comprehensive risk management.”
About Rikor: Wade Millward is the founder of Rikor, a leading insurance compliance and risk management partner for franchise brands. Drawing from years in commercial insurance and building technology for franchisors, Wade helps brands protect their systems, strengthen franchisee compliance, and unlock growth through smarter risk strategies. As an entrepreneur, he understands the challenges of scaling while safeguarding the brand’s reputation. His approach blends deep industry expertise with an operator’s mindset, delivering solutions that work in the real world.
About The Franchise Consortium: The Franchise Consortium is a pioneering organization dedicated to elevating the franchise industry by connecting franchisors and franchisees with elite, accredited suppliers. We serve as a trusted shortcut to informed decision making, offering a curated network of proven, value-driven suppliers who have demonstrated excellence and credibility in their targeted areas of expertise. Through our rigorous accreditation program, we set the gold standard for supplier quality, reliability, and ethical business practices. The Franchise Consortium is committed to helping the very best suppliers stand out in a crowded marketplace, while streamlining the supplier selection process for franchisors and franchisees. Our pledge is to ensure that accredited members gain unparalleled visibility and credibility, positioning them as the go-to choices for franchise partnerships. Founded by Keith Gerson and Bill Edwards, who have a combined 100 years of franchise expertise.
For more information about The Franchise Consortium and its accredited suppliers, visit www.thefranchiseconsortium.com
