You want your franchisees to be properly insured. HUB International Ontario’s centralized insurance program for franchises takes advantage of the power of group buying to provide franchisees with the best possible coverage at the lowest possible cost of risk. And, in dealing with us, your franchisees will be assured of receiving the same degree of attention and care as our largest clients.
Advantages of a Centralized Insurance Program for Franchisees
Franchisees will not have to shop for coverage.
Protecting Your Brand, Managing Your Relationship
A centralized program ensures that franchisees have appropriate liability limits and have correctly disclosed their franchise relationship. This means that any claims franchisees might incur are less likely to impinge on the franchisor's own insurance.
Issuance of renewal documentation is expedited and insurance certificates are created in advance, tailor-made to each franchisee's specifications.
Premium collection can be customized to support your particular business needs, billing franchisees directly or bulk billing the franchisor.
- Easy for franchisees to report and handle claims when they occur.
- Avoid problems before they occur. We coach franchisees on how to deal with claims, addressing issues such as when to report a claim and how to deal with claimants so that a negative experience is turned into a positive one for both parties. Our coaching can also reduce the frequency of claims reported to insurers while keeping settlement costs reasonable.
- Total cost of claims reported is reduced when the franchisor and franchisee are both covered by the same insurer, since only one claims case, with all its related costs, is opened instead of two.
Franchisor Exposure Covered
Franchisors provide professional advice on a variety of matters to their franchisees. A centralized program provides franchisors with the liability protection they need.