Besides workers' compensation insurance, what entities must be expressly named as additional insured and loss payee on all Aplus franchisee insurance policies?

According to Aplus's 2024 Franchise Disclosure Document, Sunoco must be included as an additional insured and loss payee on all insurance policies, in addition to worker's compensation. This requirement extends to the franchisee's commercial general liability insurance, excess liability insurance, and all-risk property insurance.

This stipulation means that Aplus franchisees must ensure their insurance policies explicitly name Sunoco as an additional insured and loss payee. This protects Sunoco's interests in case of any claims or losses related to the franchisee's operations.

For a prospective franchisee, this requirement translates into potentially higher insurance premiums, as adding additional insured parties can increase the overall risk profile of the policy. It also means that in the event of a claim, Sunoco's interests will be prioritized alongside the franchisee's, which could affect how the claim is settled. Franchisees should factor these insurance costs and conditions into their overall financial planning and risk assessment before investing in an Aplus franchise.