Which insurance policies required for a Buona franchise must include a waiver of subrogation in favor of the Franchisor?

According to Buona's 2025 Franchise Disclosure Document, franchisees are required to secure several insurance policies, and some of these policies must include a waiver of subrogation in favor of Buona. Specifically, the Workers' Compensation Insurance, General Liability, Auto Liability, and Umbrella/Excess Liability policies must have this waiver.

A waiver of subrogation means that Buona's insurance company cannot attempt to recover payments it makes to Buona from a third party who might be responsible for the loss. This is a significant protection for Buona, as it shields them from potential legal action by insurance companies seeking to recoup costs.

For a prospective Buona franchisee, this requirement means they need to ensure that these specific insurance policies are endorsed with a waiver of subrogation in favor of Buona. This might affect the cost and availability of the insurance, so it's important to discuss this requirement with insurance providers to ensure compliance and understand the implications. Failing to obtain the correct waivers could result in the franchisee being in breach of the franchise agreement.