How many days does a Big Blue Swim School franchisee have to cure insurance defaults?
Big_Blue_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| g. “Cause” defined curable defaults | 16 and 19.B of Franchise Agreement 5 of SaaS Agreement | You have 5 days to cure monetary, safety, and |
|---|---|---|
| insurance defaults; 10 days to cure rejection of |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 61–69)
What This Means (2025 FDD)
According to the 2025 Big Blue Swim School Franchise Disclosure Document, a franchisee has a specific timeframe to correct certain defaults to avoid termination of the franchise agreement. Specifically, if a franchisee defaults on insurance requirements, they have only 5 days to cure the default.
This short cure period highlights the critical importance of maintaining proper and up-to-date insurance coverage for the Big Blue Swim School location. Failure to address insurance-related issues promptly could lead to swift termination of the franchise agreement by Big Blue Swim School.
Compared to other types of defaults, such as those related to suppliers or other general breaches of contract, the cure period for insurance defaults is significantly shorter. This underscores the franchisor's emphasis on risk management and protection against potential liabilities. Franchisees should ensure they have systems in place to monitor and manage their insurance obligations to prevent any lapses in coverage and potential defaults.