When must a certificate of insurance be furnished to Beard Papas?

According to Beard Papas's 2025 Franchise Disclosure Document, a franchisee must furnish a certificate of insurance to Beard Papas at the earlier of two dates. These dates are either 90 days after the effective date of the Franchise Agreement or prior to the commencement of the initial training program. This requirement ensures that Beard Papas is protected by the franchisee's insurance coverage from the start of operations.

The insurance policies must be written by a responsible carrier, reasonably acceptable to Beard Papas. Furthermore, all insurance policies (excluding workers' compensation) must name Beard Papas, its officers, directors, shareholders, partners, agents, representatives, and independent contractors as additional insureds. This protects Beard Papas from potential liabilities arising from the franchisee's business operations.

The insurance carrier must provide Beard Papas with no less than 30 days' prior written notice in the event of a material alteration to, or cancellation of, any insurance policy. This advance notice allows Beard Papas to ensure continuous coverage and address any potential gaps in insurance protection. Franchisees must maintain insurance coverage that is at least as comprehensive as the minimum requirements set forth in the Franchise Agreement. Franchisees should consult with their insurance representative to determine the level of coverage necessary for their Franchised Business, as higher exposures may require higher limits.