How often must a Bft franchisee provide certificates of coverage to the franchisor?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall give Franchisor certificates of coverage at least annually.
Source: Item 23 — RECEIPTS (FDD pages 79–265)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, a franchisee must provide certificates of coverage to Bft at least annually. This means that at a minimum, once per year, the franchisee is required to submit documentation proving they have the necessary insurance coverage in place.
This requirement ensures that Bft franchisees maintain adequate insurance, protecting both the franchisee and the franchisor from potential liabilities. The certificate of coverage serves as proof that the franchisee has met the insurance obligations outlined in the franchise agreement.
Failure to provide these certificates or maintain the required insurance can lead to termination of the franchise agreement, highlighting the importance of adhering to this requirement. Additionally, the franchisee is solely responsible for any losses, claims, or causes of action arising after the lapse or termination of insurance coverage and must hold Bft harmless from such events.