What clauses in the Bevaris Alliance Franchise Agreement pertain to insurance?

According to Bevaris Alliance's 2024 Franchise Disclosure Document, franchisees are obligated to maintain insurance coverage as specified in the Franchise Agreement. The specific clauses that pertain to insurance are Clauses 4.13 and 13. These clauses are further detailed in Items 6, 7, and 8 of the Disclosure Document.

Clause 4.13 and 13 outline the requirements for the types and amounts of insurance coverage a Bevaris Alliance franchisee must carry. This typically includes general liability, worker's compensation, and auto insurance, among other potential requirements. The purpose of these clauses is to protect both the franchisee and Bevaris Alliance from potential financial losses resulting from accidents, injuries, or other liabilities that may arise during the operation of the franchise.

Prospective franchisees should carefully review Clauses 4.13 and 13, along with Items 6, 7, and 8 of the FDD, to fully understand the insurance obligations. It is important to consult with an insurance professional to ensure that the franchisee obtains adequate coverage that meets the requirements outlined in the Franchise Agreement. Failure to maintain the required insurance coverage could result in a breach of the Franchise Agreement and potential termination of the franchise.