What form number is the Additional Insured Endorsement for Budget franchisees?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Licensee will annually provide a current certificate of insurance to Budget naming Budget and its affiliates as additional insureds as prescribed by Budget in the Standards, and the insurer must waive any subrogation rights it may have against Budget.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
The 2025 Budget Franchise Disclosure Document does not specify a form number for the Additional Insured Endorsement. However, it does state that franchisees must provide a current certificate of insurance to Budget annually, naming Budget and its affiliates as additional insureds, as prescribed by Budget in the Standards. The insurer must also waive any subrogation rights against Budget.
This means that as a Budget franchisee, you will need to obtain and maintain insurance coverage that meets Budget's requirements and name Budget as an additional insured. The specifics of this insurance, including the required forms, are detailed in the Standards, a document separate from the FDD.
Prospective franchisees should ask Budget for a copy of the Standards document to understand the precise insurance requirements, including any specific form numbers or endorsements needed. Understanding these requirements is crucial for budgeting and ensuring compliance with the franchise agreement.