What evidence of premium payment is a Bevaris Alliance franchisee required to provide to the franchisor?

According to the 2024 Bevaris Alliance Franchise Disclosure Document, franchisees must promptly pay all insurance premiums for their required insurance policies. As evidence of this payment, the franchisee must immediately provide Bevaris Alliance with documentation confirming that the premiums have been paid.

This requirement ensures that franchisees maintain continuous and adequate insurance coverage, protecting both the franchisee's business and Bevaris Alliance from potential liabilities. The franchisor's interest should also be noted on the insurance policies as an additional insured, and Bevaris Alliance must receive notification of any late premium payments or policy cancellations at least 30 days in advance.

If a franchisee fails to secure and maintain the necessary insurance policies, Bevaris Alliance retains the right to obtain the required insurance coverage and charge the franchisee for all associated costs and expenses. This provision underscores the importance of adhering to the insurance requirements outlined by Bevaris Alliance to avoid potential disruptions and financial burdens.