Favor & Company

What Favor & Company does

Favor & Company is a specialty insurance brokerage and risk management advisory firm founded in 1979 by James R. Favor. The company is headquartered in Aurora, Colorado with additional operations in St. Charles, Illinois, Denver, and Chicago, and operates as The James R. Favor & Company, LLC. It serves four primary customer segments: inter/national fraternities and sororities (its core market), natural tourist attractions including show caves, manufacturing companies, and non-profit organizations. The company is the exclusive provider of certain Lloyd's of London insurance products for niche industries, an arrangement originally authored by the founder and validated through federal court precedent, giving it access to specialty coverage unavailable in standard commercial markets.

The company's core technology combines traditional insurance brokerage with the Fraternal Health & Safety Initiative (FHSI), a research-based educational consortium delivering hazing prevention, sexual misconduct prevention, and alcohol/drug abuse prevention programming. The FHSI platform encompasses online courses (Highwire, Tightrope), micro-learning modules (Dangers of Fentanyl, Winter Is Coming, High-Risk Events), printed facilitator/participant guides, and pre/post assessments. Favor & Company has built a content partnership ecosystem including Plaid (digital course delivery), Gordie Center at the University of Virginia (substance abuse education), DopaGE (GenZ-tailored substance education), and Generation Rx (prescription misuse awareness). Fraternal clients collectively represent 125,000+ collegiate members across 550+ campuses.

The business model operates on two revenue streams. The first is insurance brokerage commissions on commercial and fraternal placements covering property, general liability, workers' compensation, commercial auto, directors & officers liability, cyber liability, and excess liability. The second is FHSI consortium membership, with one-time licensing fees of $4,000-$10,000 scaled by chapter count, annual renewals at half the licensing fee, and unit-priced printed materials ($2.75-$5/participant guide, $25-$30/facilitator guide). Distribution is relationship-driven, with senior account executives assigned to specific fraternal clients and underwriting authority for the Lloyd's property program consolidated under the Denver branch. Leadership is led by President & CEO Robert M. Curran (35+ years insurance experience and former Lambda Chi Alpha professional staff), CFO Jennifer Jepson, and CFO Emeritus Christine Knutte (CPCU), with operational leadership distributed across offices in Aurora, St. Charles, Denver, and Chicago.

Name

Favor & Company

Legal name

The James R. Favor & Company, LLC

Website

https://favorandcompany.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Favor & Company is a specialty insurance brokerage and risk management advisor, founded 1979, exclusively providing certain Lloyd's of London products for fraternal organizations, tourist show caves, natural attractions, manufacturing, and non-profits.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Risk Management

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Nonprofit / Social Services BOP (FSAJAFAM)

akta.pro secondary industries

Directors & Officers (D&O) Liability (FSAJADAF), Public Liability (Premises/Operations) (FSAJADAD)

Keywords

• Insurance brokerage
• Risk management consulting
• Fraternal insurance programs
• Lloyd's of London coverage
• Niche industry insurance

Headquarters

HQ city

Aurora

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Insurance Brokerage and Risk Management: Favor & Company acts as an insurance broker providing commercial and fraternal insurance products. Revenue is generated through commissions on insurance policies placed with underwriters including exclusive Lloyd's of London programs. The company serves fraternal organizations, tourist attractions, and commercial clients with property, casualty, and liability coverage.
2. FHSI Consortium Membership Fees: Inter/national fraternities and sororities pay one-time licensing fees ($4,000-$10,000 based on chapter count) and annual renewal fees (half of licensing fee) to access FHSI educational programming. Additional revenue from printed materials: $2.75/participant guide, $25/facilitator guide for primary modules.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Favor & Company is an insurance broker and risk management advisor that provides specialized commercial and fraternal insurance products — including exclusive Lloyd's of London programs for niche industries such as fraternal organizations, tourist show caves, and natural attractions. The company delivers property, casualty, liability, and risk management coverage alongside its Fraternal Health & Safety Initiative (FHSI), a research-based educational consortium offering hazing prevention, sexual misconduct prevention, and alcohol/drug abuse prevention programming to collegiate fraternity and sorority chapters.

Product overview

Favor & Company operates as an insurance broker and risk management consultancy offering two primary product lines: Commercial Insurance (including property, casualty, and specialized Lloyd's of London products) and Fraternal Insurance (specialized coverage for fraternities and sororities). The company has developed the Fraternal Health & Safety Initiative (FHSI), a comprehensive educational consortium featuring multiple program modules including Hazing Prevention/Intervention, Sexual Misconduct Prevention, Alcohol & Other Drug Abuse Prevention, and online courses (Highwire, Tightrope, Dangers of Fentanyl, Winter Is Coming, High-Risk Events). The company also provides risk management consulting services, positioning itself as a full-service broker and advisor for fraternal organizations, tourist attractions, manufacturing, and non-profits.

Differentiator

Problem solved

Functional benefit

Brands

• Fraternal Health & Safety Initiative (FHSI): A consortium designed to aid chapters of participating fraternities and sororities in achieving high-quality experiences through research-based curriculums focused on alcohol and other drug abuse, sexual misconduct/assault, and hazing prevention.

Products and services

• Commercial Insurance Insurance coverage for commercial clients including property, casualty, and liability protection. Coverage types include Property, General Liability, Workers' Compensation, Commercial Auto, D&O, Cyber Liability, and more. Quote-based pricing.
• Fraternal Insurance Specialized insurance products for fraternal organizations, including property, liability, and risk management coverage tailored for fraternities and sororities. Coverage lines include Business Travel Accident, Commercial Auto, Commercial Crime, Cyber Security Liability, Directors & Officers Liability, Equipment Breakdown & Technology, Excess Liability, General Liability, Hired & Non-Owned Automobile Liability, Property, and Workers' Compensation.
• Lloyd's of London Insurance Programs Exclusive insurance products provided through Lloyd's of London for niche industries including fraternal organizations, tourist show caves, and natural attractions. Coverage is not available through standard commercial insurance markets.
• Fraternal Health & Safety Initiative (FHSI) A consortium of research-based educational programs focused on hazing prevention, alcohol and drug abuse prevention, and sexual misconduct prevention for fraternity and sorority members. Inter/national organizations join as Affiliate Members paying tiered licensing fees ($4,000-$10,000) and annual renewal fees.
• Risk Management Consulting Advisory services helping fraternal organizations develop healthy risk management cultures through collaboration, counsel, and loss-preventing programming. Includes loss control property inspections and exposure/risk analysis.
• Tourist and Show Cave Attraction Insurance Program Exclusive specialty insurance coverage for tourist and natural attractions including show caves. Provided through Lloyd's of London underwriting for niche industries whose risks are not covered by standard commercial markets.
• Claims Management Services Direct claims service assistance for property and casualty claims including both property and liability claims. Led by Vice President of Claims with nearly 30 years' experience and authority to settle many claims directly on behalf of underwriters. Includes property claims and liability claims.

Quantifiable outcome

• FHSI members represent 125,000+ collegiate members on more than 550 campuses
• +1 more outcomes

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Lloyd's of LondoncoreStrategic or Co-development PartnerFavor & Company is the exclusive provider of certain Lloyd's of London insurance products for niche industries including fraternal organizations, tourist show caves, and natural attractions. This exclusive partnership enables the company to offer coverage not available through standard insurance markets.
• PlaidmajorStrategic or Co-development PartnerStrategic partnership with Plaid to deliver educational content including Highwire and Tightrope online courses for campus safety and risk prevention. Plaid creates courses for Favor & Company clients including The Dangers of Fentanyl and Winter Is Coming micro-learning courses.
• Gordie Center (University of Virginia)majorStrategic or Co-development PartnerPartnership with the Gordie Center for Substance Abuse Prevention provides Consortium Member fraternities and sororities with discounts on Gordie's Call materials. The partnership offers educational resources including PUBS (Signs of Alcohol Overdose), standard drink education, and BACCHUS Maneuver training videos.
• DopaGEminorStrategic or Co-development PartnerDopaGE standardizes and gamifies substance education to reduce death and suffering related to substance use. Their GenZ-tailored content addresses overdose prevention, recognition, and response modules and integrates with existing LMS systems.
• Hazing Prevention NetworkmajorStrategic or Co-development PartnerMarc Mores, Executive Vice President, serves as President of the Board of Directors of Hazing Prevention Network. This leadership position creates strategic alignment and collaboration on hazing prevention initiatives.
• Generation RxminorStrategic or Co-development PartnerGeneration Rx provides no-cost toolkit focusing on raising awareness about prescription drug misuse and abuse. Workshops available include general safe medication practices and specific programs on opioid pain medications, stimulants, and sedatives.
• National Hazing Hotline (1-888-NOT-HAZE)minorOthersFHSI programming references the National Hazing Hotline (1-888-NOT-HAZE) as a resource for reporting hazing incidents confidentially.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Brown & Riding Insurance Services: Specialty insurance wholesale broker with deep Lloyd's of London relationships and expertise in hard-to-place risks. Comparable as a specialty broker operating through Lloyd's to serve niche and non-admitted risk categories.
• RPS (Ryan Specialty): Specialty broker under Ryan Specialty focused on niche and excess & surplus lines. Comparable as a specialty intermediary using Lloyd's and other non-admitted markets to place hard-to-cover risks for association and nonprofit clients.
• Burns & Wilcox: Specialty insurance wholesale broker and managing general agent with extensive Lloyd's of London relationships. Comparable as a specialty broker delivering non-admitted capacity to retail brokers serving niche industry verticals.
• Victor Insurance Managers: Lloyd's-focused managing general agent operating specialty programs across niche verticals. Comparable as a specialty program administrator leveraging Lloyd's syndicates for niche industry placements, structurally similar to Favor & Company's exclusive Lloyd's program role.
• Amwins Group: Specialty insurance wholesaler and broker with deep expertise in excess & surplus lines and Lloyd's of London placements. Comparable as a specialty broker leveraging Lloyd's relationships for non-admitted risks, though Amwins is a wholesaler serving retail brokers rather than direct insureds.

Broad incumbents

• Heffernan Insurance Brokers: Large independent insurance brokerage operating across commercial and specialty lines. Comparable as an independent broker with vertical specialization capabilities, though significantly larger and broader in scope than Favor & Company's fraternal focus.
• Hub International: North American insurance brokerage with specialty practices including nonprofit and association segments. Comparable as an independent broker pursuing vertical specialization, with materially larger scale and a multi-carrier model.
• Marsh & McLennan (Higher Education Practice): Global insurance broker and risk advisor with a Higher Education practice that addresses the same Greek life, student housing, and campus liability risks Favor & Company serves, though typically at much larger university clients with broader risk profiles.
• USI Insurance Services: National insurance brokerage with a dedicated higher education practice group that serves colleges, universities, and student-life organizations. Comparable in serving the higher-education risk ecosystem but with vastly broader scale and product breadth.

Others

• Hazing Prevention Network: Non-profit organization dedicated to hazing prevention in campus communities; Favor & Company EVP Marc Mores serves as its board president. Comparable as a thematically adjacent organization in the campus safety space — not a competitor but an ecosystem partner that shapes demand for FHSI programming.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/favorandcompany

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Favor & Company