What are the requirements for naming additional insureds or loss payees on Bojangles' insurance policies?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
- (4) All policies of insurance, including general liability insurance, shall name Bojangles Opco, LLC, Bojangles' Restaurants Inc. (in its capacity as Manager under a Management Agreement with Bojangles Opco, LLC), and their respective affiliates, successors and assigns, and their respective partners, officers, directors, shareholders, agents, representatives, and employees as additional insureds or loss payees, as may be applicable, on the policies; shall provide that the policy cannot be cancelled without thirty (30) days prior written notice to Franchisor; and shall specify that copies of all notices shall be sent to Franchisor. Franchisee shall furnish Franchisor with copies of all policies or certificates evidencing insurance in force as required herein. Evidence of payment of premiums shall be delivered to Franchisor at least thirty (30) days prior to the expiration dates of each existing insurance policy; and
- (5) Such additional insurance covering such additional risks or providing such higher limits as Franchisor may reasonably request.
- B. Should Franchisee, for any reason, fail to procure or maintain the insurance required by this Agreement, as such requirements may be revised from time to time by Franchisor in the Manual or otherwise in writing, Franchisor shall have the right and authority (without, however, any obligation to do so) immediately to procure such insurance and to charge same to Franchisee, which charges, together with a reasonable fee for Franchisor's time and expenses in so acting, shall be payable by Franchisee immediately upon notice. The foregoing remedies shall be in addition to any other remedies Franchisor may have.
Source: Item 23 — RECEIPTS (FDD pages 82–573)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, franchisees are required to include specific entities as additional insureds or loss payees on their insurance policies. Specifically, Bojangles Opco, LLC, Bojangles' Restaurants Inc. (in its capacity as Manager under a Management Agreement with Bojangles Opco, LLC), and their respective affiliates, successors, and assigns, as well as their respective partners, officers, directors, shareholders, agents, representatives, and employees must be named as additional insureds or loss payees, as applicable, on all insurance policies, including general liability insurance.
This requirement ensures that Bojangles and its related entities are protected under the franchisee's insurance coverage, mitigating potential risks and liabilities. Additionally, the insurance policy must stipulate that it cannot be canceled without thirty days prior written notice to Bojangles, and copies of all notices must be sent to Bojangles. This provision allows Bojangles to monitor the franchisee's insurance coverage and take necessary actions if the franchisee fails to maintain adequate insurance.
Furthermore, franchisees must furnish Bojangles with copies of all policies or certificates evidencing insurance in force, as required by the agreement. Evidence of premium payments must be delivered to Bojangles at least thirty days before the expiration dates of each existing insurance policy. Bojangles also retains the right to request additional insurance coverage for additional risks or higher limits as it may reasonably require. Failure to procure or maintain the required insurance allows Bojangles to procure such insurance and charge the franchisee, along with a reasonable fee for its time and expenses.