Regarding insurance policies, what advance written notice is Byrider entitled to receive of any intent to reduce policy limits, restrict coverage, cancel, or otherwise alter or amend said policy?

According to Byrider's 2025 Franchise Disclosure Document, Byrider franchisees must acquire and maintain insurance coverage, naming Byrider as an additional insured. Byrider is entitled to at least thirty days prior written notice if there is any intention to reduce policy limits, restrict coverage, cancel, or otherwise alter or amend the insurance policy.

The franchisee is prohibited from reducing policy limits, restricting coverage, canceling, or making changes to the insurance policies without Byrider's written consent. Should the franchisee fail to maintain the required insurance, Byrider has the right, but not the obligation, to purchase the necessary insurance, with the franchisee bearing the costs.

This requirement ensures that Byrider is protected against potential liabilities and maintains consistent coverage throughout the franchise agreement. The franchisee must ensure their insurance policies meet Byrider's standards and provide the required notice to avoid potential breaches of the franchise agreement and possible termination.