Worldwide dealer Hub Worldwide Restricted (HUB) has launched a brand new providing geared toward helping franchisors and franchisees within the US and people with cross-border operations in Canada.

HUB Franchise Insurance Coverage Options acts as an all-in-one platform for the multi-industry franchising sector to effectively handle insurance coverage wants, evaluation aggressive pricing, and guarantee compliance.

It supplies customers with a complete overview of insurance coverage choices, aggressive pricing comparisons, and a handy technique to monitor insurance coverage certificates. Automated alerts are additionally carried out to inform franchisees when it’s time to resume insurance coverage insurance policies or in the event that they fall out of compliance.

Furthermore, the platform supplies customers with claims notifications and stay agent assist by way of each cellphone and stay chat.

“Sustaining insurance coverage is complicated in franchising, particularly for multi-unit operators,” mentioned Chris Treanor, HUB president of applications and specialties. “As extra places open, the franchisors usually lack the instruments to trace insurance coverage compliance whereas the franchisees might arrange an insurance coverage program that lacks construction – under-insured in some places, over-insured on others, navigating many alternative expiration dates and paying greater than they need to.”

Within the extremely regulated franchising {industry}, compliance extends past federal legal guidelines to embody state-level franchise laws. Each franchisors and franchisees should guarantee compliance not solely of their dwelling state but in addition in states the place their franchises are positioned.

“Our options assist to navigate these complexities providing not solely greatest protection and pricing for the franchisees whereas sustaining contractual compliance for the franchisor,” mentioned Treanor.

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