According to the 1-800-GOT-JUNK? National Account Service Agreement, what is the franchisee's obligation regarding insurance levels required by a National Account?

According to the 2025 1-800-GOT-JUNK? Franchise Disclosure Document, franchisees may be required to obtain and maintain specific insurance levels mandated by National Accounts. This includes potentially adding the National Account or 1-800-GOT-JUNK?'s assignee as a named or additional insured party on the relevant insurance policies. This requirement is part of the broader terms that 1-800-GOT-JUNK? may negotiate with National Accounts, which can also include discounted pricing, commission payments, fixed pricing models, and specific service standards.

This obligation means that a 1-800-GOT-JUNK? franchisee must be prepared to adjust their insurance coverage to meet the demands of particular National Accounts they service. Failure to maintain the required insurance coverage or provide evidence of such coverage to 1-800-GOT-JUNK? can be considered a material default under the Franchise Agreement.

Prospective franchisees should consider the potential costs of increased insurance coverage when evaluating the profitability of servicing National Accounts. It is also important to understand that 1-800-GOT-JUNK? does not guarantee any direct or indirect benefit from servicing National Accounts, so franchisees need to carefully assess the terms and conditions before committing to these agreements.