When must Byrider franchisees furnish renewal Certificates of Insurance to the company?

According to Byrider's 2025 Franchise Disclosure Document, franchisees must furnish renewal Certificates of Insurance to Byrider before the expiration date of the existing insurance policy's term. This ensures continuous coverage and compliance with Byrider's insurance requirements.

Maintaining adequate insurance coverage is a critical aspect of the franchise agreement. Byrider requires franchisees to secure specific types and minimum amounts of insurance, such as Garage Liability insurance with a $1,000,000 limit, worker's compensation, and cyber liability insurance. These requirements protect both the franchisee and Byrider from potential financial losses due to various risks.

The franchisee is responsible for ensuring that all insurance policies are renewed on time and that Byrider receives proof of this renewal in the form of a Certificate of Insurance. Failure to maintain the required insurance can result in Byrider purchasing insurance on behalf of the franchisee, with the franchisee bearing the costs, or even termination of the franchise agreement. Byrider also has the right to modify the minimum insurance coverage requirements, and franchisees are obligated to comply with these changes immediately upon written notice.