Whose interest must be noted on the insurance policies for a Bevaris Alliance franchise?

According to the 2024 Bevaris Alliance Franchise Disclosure Document, franchisees are required to secure and maintain an all-risk insurance policy with a reputable insurance company. However, the document does not specify whose interests, besides the franchisee's, must be noted on these insurance policies.

Typically, franchise agreements require franchisees to list the franchisor as an additional insured or interested party on their insurance policies. This protects the franchisor from potential liabilities arising from the franchisee's operations. The absence of this information in the provided excerpts suggests that prospective franchisees should seek clarification from Bevaris Alliance regarding specific insurance requirements.

To make an informed decision, it is crucial for potential Bevaris Alliance franchisees to understand the full scope of required insurance coverage, including liability limits and named insured parties. Clarifying these details will help franchisees accurately estimate their operating costs and ensure they are adequately protected against potential risks.