What is the definition of 'Additional Insureds' in the context of Aira Fitness franchise insurance requirements?

According to Aira Fitness's 2025 Franchise Disclosure Document, Additional Insureds are defined as Aira Fitness Franchising LLC and any entity with an insurable interest that Aira Fitness designates. This means that, in addition to the franchisee, Aira Fitness and potentially other related entities must be covered under the franchisee's liability insurance policies.

As an Aira Fitness franchisee, you are required to include these Additional Insureds on all liability policies to the extent each has an insurable interest. This protects Aira Fitness and its related entities from potential liabilities arising from the operation of your franchise. The insurance policies must also contain a waiver of subrogation in favor of the Additional Insureds, preventing the insurance company from pursuing claims against them.

This requirement is a standard practice in franchising, ensuring that the franchisor has adequate protection against risks associated with the franchisee's business operations. Franchisees should carefully review their insurance policies to confirm that all designated Additional Insureds are correctly listed and that the waiver of subrogation is included. Failure to comply with these insurance requirements could result in Aira Fitness procuring insurance on your behalf and charging you for the costs.