How soon after delivering the Certificates of Insurance must a Byrider franchisee deliver a complete copy of their insurance policy?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisee shall deliver a complete copy of the Franchisee's insurance in force within thirty (30) days following the delivery of the Certificates of Insurance.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, a franchisee must deliver a complete copy of their insurance policy within thirty days following the delivery of the Certificates of Insurance. This requirement ensures that Byrider has a full record of the franchisee's insurance coverage, not just a summary.
This requirement is important because it allows Byrider to verify that the franchisee has obtained the required insurance coverages and that the policies are in full force and effect. Byrider also needs to be named as an additional insured on certain policies. The franchisee is also responsible for ensuring that Byrider receives at least 30 days' notice if there are any changes to the policy, such as reductions in coverage or cancellation.
Meeting this deadline is critical for Byrider franchisees, as failure to maintain the required insurance can lead to termination of the franchise agreement. Franchisees must proactively manage their insurance and ensure timely submission of all required documents to Byrider to remain compliant with the franchise agreement.