HUB’s Snap-on Franchisee Insurance Program
Practical Plans and Programs to Help Snap-on Franchisees Protect Their Businesses
Keeping your business running safely, effectively, and profitably is challenging. That’s why we have worked with HUB to develop a customized insurance solution to help you proactively protect your business so you can focus on what matters most.
Why HUB’s Snap-on Franchisee Insurance Program?
You, our Franchisee, are a valued customer. We pledge to work with you and our suppliers to make available a broad and competitive package for many of your insurance needs.
Our goal is to provide assistance in protecting your business, so you can focus on what matters most.
A low cost program that does not cover your loss is no bargain!
Franchisees are not obligated to participate in any insurance available through the Snap-on Franchisee Insurance Program. You are encouraged to shop these and any other forms of insurance coverage that may be appropriate for your business. If you seek a competing quotation, be sure to compare not only price, but also the scope of the protection afforded under that alternative. Ask questions about the service commitment to you as an insured of the insurance company and their broker.
Programs that Meet Contractual Needs
The Franchisee truck, General Liability, program meets the contractual insurance requirements of the Snap-on Franchise Agreement.
Automobile & Van Insurance
We recognize that your truck is not just a business tool - the success of your business depends on it. This is why the Franchisee Insurance Program offers you truck insurance with three significant benefits:
- Claims service provided by representatives that know your business and your vehicle and can get you back on the road fast.
- Coverage designed to meet the insurance requirements of your Franchise Agreement.
Requirement:The Franchise Agreement requires that the Franchisee obtain a commercial business auto liability insurance policy with limits of $1,000,000 combined single limit for bodily injury and property damage; and physical damage coverage that includes collision; specified perils of fire, lightning, explosion, theft, windstorm, or hail; or comprehensive coverage in lieu of the specified perils and naming Snap-on Incorporated and its subsidiaries as an additional insured. - Competitive pricing based on group rating.
Commercial General Liability
Even though your business operates within a truck, your automobile liability policy does not provide all the liability coverages you need for in and around the truck. Commercial General Liability expands your liability protection adding coverages including product liability, completed operations and personal injury. Commercial General Liability is a requirement within your Franchisee Agreement.
Property Insurance
The property policy provides "All Risks" coverage of direct physical loss or damage to business assets that you own and are used in your business as a Snap-on Franchisee.
Limits of Liability
Actual Loss Sustained Business Interruption (Profits Form)
- Covers the loss of business income as a result of your vehicle being damaged and inoperable due to an insured peril, e.g., fire, theft, collision. Subject to a 24-hour waiting period.
Deductible
$ 1,000 All Other Losses
Crime Insurance
Covers you for loss of money, securities and/or other property through the dishonest acts of Employees.
Limits of Liability
$50,000 Employee Fidelity - Form A
Covers theft of Franchisee property by a Franchisee's employee.
Please see below link to the new business/ truck application for the Snap-on Franchisee insurance coverage. Please email completed copy to [email protected].
All claims can be reported to Snap-on Hub Claims Team: 416-102-1003
OR After Hours claims reporting 1-855-588-7612
Property Losses:
- Complete an incident report while facts are clear.
- Claims can be reported 24 hours a day.
- Keep all damaged property and all repair invoices for inspection by the adjuster.
- Report all vandalism, theft, or burglary losses to the police as you will need a copy of their report.
- Advise the telephone adjuster that you are a participant of the Snap-on Franchisee Insurance Program. You will be required to provide your individual Dealer Number.
Liability Claims:
- Complete an incident report while the facts are clear.
- Claims can be reported 24 hours a day.
- Advise the telephone adjuster that you are a participant of the Snap-on Franchisee Insurance Program.
- Your priority should always be to care for injured people - administer first aid and call an ambulance.
- Do not offer to pay any medical bills or other costs.
- If the incident involves your product, do not discard the product.
- Do not admit liability! Do not mention insurance!
Information Required
- Date and time of incident or loss.
- Names of any witnesses including address, home and business phone numbers.
- Identity of responding police and fire departments including officers' names, badge numbers and report numbers.
Liability
- Claimant's name, address, home and business telephone numbers
- Description of incident: What happened? Where the incident occurred? Why it happened?
- If the injured third party is a minor, name, address and telephone number of parent or guardian.
- Name of doctor or hospital if applicable.
- Claimant's intentions (e.g., legal action, compensation, dental/medical costs).
Conduct or physical condition of claimant which may have contributed to the accident (footwear, glasses, any physical
disabilities).
- Name, license number and insurance company, if available, for vehicle impact or vandalism claims (include contact names, phone numbers if available) and probable cause of loss.
Property / Crime
- Description of incident, e.g., broken window or door, damaged equipment
- Estimated amount of damage/loss
Contact Us
To contact the Hub Snap-on Program service team please call 1-866-521-5971 or email [email protected]. Our team is available between 8:45 eastern to 4:45 eastern Monday to Friday. If calling after hours please leave a voicemail and our team will get back to you as soon as we can.