What must an Apricot Lane franchisee do regarding insurance policies for the E-Commerce Platform?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall procure and maintain in accordance with Section 10 such insurance policies in connection with the E-Commerce Platform as Franchisor may require from time to time and shall indemnify Franchisor, in accordance with Section 21C, for any liabilities, obligations and expenses incurred by Franchisor in connection with the E-Commerce Platform, including any liability, obligation or expense arising under the Provider Contracts.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, franchisees are required to secure and maintain insurance policies related to the E-Commerce Platform as mandated by Apricot Lane. These policies must comply with Section 10 of the franchise agreement.
Specifically, franchisees must indemnify Apricot Lane, as per Section 21C of the agreement, for any liabilities, obligations, and expenses the franchisor incurs related to the E-Commerce Platform. This includes any liabilities or expenses arising from the Provider Contracts associated with the platform.
In practical terms, this means an Apricot Lane franchisee needs to obtain the types and amounts of insurance coverage that Apricot Lane deems necessary for protection against potential losses or liabilities connected to the online sales platform. The franchisee is responsible for covering Apricot Lane's costs related to the E-Commerce Platform, emphasizing the importance of understanding and adhering to the franchisor's insurance requirements to mitigate financial risks.