Why Goosehead Insurance Franchise Reviews?

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Covered by SAGE and Goosehead insurance franchise
reviews

• How do they make money?

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Understanding Goosehead insurance franchise

• It operates on a franchise model
• They have appointed over 80 carriers nationally
• They can provide diverse options to their clients
• Only allow their agents to engage in personal
  lines

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Covered by SAGE

• Newcomers to the industry and started as a
  technology company
• Operate only out of Georgia, with plans to expand
  through out the eat coast
• Have appointed over 35 carriers with more in the
  pipeline
• Agents associated with SAGE have the privilege of
  cross-selling all insurance lines

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How does goosehead make money?

• Goosehead operates on a franchise model, hence
  charges an upfront franchise fee of 27500 -
  66000
• An initial investment of 60000 to 128000 by
  agents is required
• A royalty of minimum 1000 minimum every month
• Additional out of pocket fees are mentioned in
  the contract

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Additional out of pocket fees

• A marketing contribution of 2 of gross revenue.
• Training fees of up to 400 per day.
• Monthly technology fees that amounts to 325 for
  the first user, and 225 for each additional
  user.
• Transfer fees of 15 to 100 of the initial
  franchise fee.

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How does Covered By SAGE make money?

• SAGE ties its success directly with its agents
• SAGE earns from the commission split as per
  agreed by the agents
• Onboarding fees which is only 2500 and
• 250 every month from the 7th month

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How is it different from Goosehead?

• Covered by SAGE is an insurance brokerage
  platform, therefore there are no upfront
  franchise fees required here
• SAGE believes that disruption through
  market-leading technology will allow agents to be
  their best selves
• Agents can virtually start their agency right
  away as there is no initial investment required
• Hence, SAGE ties its success directly with its
  agents.

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