How often must a 1 800 Packouts franchisee provide evidence of insurance procurement?

According to 1 800 Packouts's 2025 Franchise Disclosure Document, a franchisee must provide evidence of insurance procurement, renewal, or extension to 1 800 Packouts within 30 days after signing the Franchise Agreement and each year thereafter. This means that after the initial submission, franchisees are required to provide updated insurance documentation annually.

This requirement ensures that 1 800 Packouts franchisees maintain continuous and adequate insurance coverage throughout the term of their agreement. The annual submission allows 1 800 Packouts to verify that the franchisee's insurance policies are current and meet the franchisor's specified requirements. This protects both the franchisee and the franchisor from potential liabilities and financial losses.

It is important to note that 1 800 Packouts retains the right to modify the required insurance coverage amounts or types at any time to reflect changes in inflation, identified risks, laws, liability standards, or other relevant circumstances. Franchisees are responsible for ensuring their policies comply with these updated requirements. Additionally, all insurance policies must name 1 800 Packouts (and its officers, directors, and employees) as additional insureds and include a waiver of subrogation rights against 1 800 Packouts. The insurance carrier must also provide 1 800 Packouts with 30 days' advance written notice of any material modification, cancellation, termination, or expiration of the policy.