From the filings
Renegade Insurance operates 1 franchised unit under a 2025 FDD that makes no financial performance representation. The FDD requires franchisees to use the email addresses, phone number, and phone system the franchisor provides for all business communications, putting that piece of the tech stack directly under founder Rashik Adhikari's control.
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Live signals
Franchisor behaviours
21 requirements the franchisor states in this filing, each in its own words; 5 explicit no's; 8 questions the text does not settle, which is not a no.
Accounting
Does the franchisor have direct or independent electronic access to the franchisee's financial, sales or customer records?
YesItem 11
We (or our designee) have the right to independently access the electronic information and data relating to your Renegade Insurance Business and to collect and use your electronic information and data in any manner, including to promote the System and the sale of Franchises.
Must the franchisee submit periodic financial statements (monthly, quarterly or annual) to the franchisor?
YesFranchise agreement
You will deliver a balance sheet, profit and loss statement, statement of cash flows and explanatory footnotes prepared under generally accepted accounting principles applied on a consistent basis (“Financial Statements”) to us within the time period required by the Franchise Operations Manual.
How the franchisor buys
Is the franchisor or an affiliate itself a supplier of required products, services or systems?
YesItem 8
Our affiliates, RIH and RIL, are insurance agencies and suppliers of related services to franchisees, such as back-end servicing, renewal assistance, endorsements, cancellations, carrier appointments, commission accounting, and technology.
Does the franchisor reserve the right to change designated suppliers or systems at any time?
YesFranchise agreement
We may change the Technology you must use for your Franchised Business at any time.
Does the franchisor or an affiliate receive rebates, commissions or other revenue from designated or approved suppliers?
YesItem 8
We and our affiliates may receive rebates from some suppliers based on your purchase of products and services and we have no obligation to pass them on to our franchisees or use them in any particular manner.
Item 8 gives this proportion in one of two shapes: separate percentages for establishing the business and for operating it, or one figure covering "establishing and operating" together. Where they are separate, answer with the operating percentage; where the passage gives only the combined figure, answer with that. What percentage of the franchisee's purchases must come from designated or approved suppliers?
70Item 8
We estimate that approximately 70% to 90% of purchases required to open your Renegade Insurance Business and 70% to 90% of purchases required to operate your Renegade Insurance Business will be from us or from other approved suppliers or under our specifications.
Does the franchisor charge a fee to evaluate a proposed supplier?
YesItem 8
We reserve the right to charge a fee to evaluate the proposed product, service or supplier.
Can a franchisee propose a new supplier for the franchisor's approval?
YesItem 8
If you want to use or sell a product or service that we have not yet evaluated, or if you want to purchase or lease a product or service from a supplier or provider that we have not yet approved (for products and services that require supplier approval), you must notify us and submit to us the information…
Communications
Does the franchisor own or control the business telephone numbers, or take them over when the agreement ends?
YesFranchise agreement
Immediately cease using all telephone numbers and online and offline listings used in connection with the operation of the Franchised Business and direct the telephone company and any online or offline directory or other services to transfer all such numbers and listings to us or our designee, or if we direct, to…
Franchise management
Does the franchisor conduct periodic inspections, audits or evaluations of the franchised business?
YesFranchise agreement
To ensure compliance with this Franchise Agreement, we or our representatives will have the right to enter your Premises, evaluate your Franchised Business operations, and inspect or examine your books, records, accounts and tax returns.
Can the franchisor change the operations manual and brand standards unilaterally?
YesFranchise agreement
We can modify the Franchise Operations Manual at any time.
Must the franchisor approve the franchisee's site or location before opening?
YesItem 11
We must approve the site before you sign the lease (See Franchise Agreement – Section 2).
Marketing
Is the franchisee prohibited from operating its own website or social media accounts, or required to use pages the franchisor provides?
YesFranchise agreement
You may not maintain a separate website, conduct e-commerce, or otherwise maintain a presence on the Internet in connection with your Franchised Business without our express written permission, which we may revoke at any time, in our sole discretion.
Must the franchisee participate in a regional advertising cooperative when one exists?
YesFranchise agreement
You must participate in any advertising cooperative that we require for the purpose of creating and/or purchasing advertising programs for the benefit of all franchisees operating within a particular region.
Operations
Must the franchisee buy products from a designated distributor?
YesItem 8
You must utilize our designated finance company for the services we designate.
Must equipment be purchased from designated or approved suppliers?
YesItem 8
You must obtain the computer hardware, software licenses, maintenance and support services and other related services that meet our specifications from the suppliers we specify.
Payments
Are royalties and other fees collected by automatic bank debit (ACH or electronic funds transfer) from the franchisee's account?
YesFranchise agreement
You must complete our automated clearing house (ACH) authorization form allowing us to electronically deposit to, or debit from, a bank account you designate (“Franchise Account”) for: (i) all fees payable to us under this Franchise Agreement (other than the Initial Franchise Fee and fees we may deduct from your…
Point of sale
Must the franchisee use a specific point-of-sale system designated or approved by the franchisor?
YesFranchise agreement
You must utilize the technology, including software, computer hardware and components, point of sale system, cash register(s), communication equipment, and other related accessories or peripheral equipment (collectively, “Technology”) that we require.
Does the franchisor have independent access to the data in the franchisee's POS or computer system?
YesItem 11
We (or our designee) have the right to independently access the electronic information and data relating to your Renegade Insurance Business and to collect and use your electronic information and data in any manner, including to promote the System and the sale of Franchises.
Training
Can the franchisor charge the franchisee for additional, refresher or remedial training?
YesItem 6
We may charge you for initial training and training additional persons, newly hired $600 per attendee for personnel, refresher training courses, additional training), remedial training, advanced training plus transportation, courses, and additional or special lodging, meals, wages assistance or training you need or…
Is attendance at an annual convention or conference mandatory for the franchisee?
YesItem 11
In addition to participating in ongoing training, you may be required to attend any national or regional meeting or conference of franchisees.
Renegade Insurance operates 1 franchised unit under a 2025 FDD with a 10-year initial term. Item 19 makes no financial performance representation. This is an early-stage brand, with the franchise model still limited to its first unit.
Item 2 names Founder and CEO Rashik Adhikari, Co-Founder and COO Douglas Rowe, and Vice President of Growth Suniti Thapa. This leadership team already controls one piece of the communications stack directly: Item 8 requires the email addresses, phone number, and phone system used for all business communications to come from the franchisor or an affiliate.
Item 11 sets Renegade Insurance's technology requirements. The embedded filing below is the place to review exactly what that section covers for this brand.
Item 8 runs an approved-supplier list: beyond the mandated phone and email system, franchisees can propose alternative suppliers for approval on other items. Item 17 allows two successor terms of 10 years each for franchisees in good standing, requiring a then-current agreement that may carry materially different terms, including higher royalty and advertising contributions.
The FDD was filed with state franchise regulators in 2025. The embedded viewer below covers Items 2, 8, 11, and 17.
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Questions vendors ask
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FDD alert
We’ll email you the moment Renegade Insurance files a new annual FDD, usually the freshest signal of a vendor change.
Operator footprint
5 operators run 5 mapped locations. 0 of them are multi-unit. Aggregate counts from the filing; no names.
Operators by units owned
Top states by locations
| TX | 3 |
|---|---|
| GA | 1 |
| WI | 1 |
Related Financial services brands
Primary franchise filings · updated September 2026. Every figure is source-traceable and QA-checked.