What conditions must a Camp Margaritaville franchisee meet regarding insurance policies before opening?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
- (e) Franchisee has given Franchisor copies of all insurance policies required under this Agreement, or such other evidence of insurance coverage and payment of premiums as Franchisor requests;
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, a franchisee must meet specific insurance conditions before opening their resort. Specifically, the franchisee must provide Camp Margaritaville with copies of all required insurance policies under the Franchise Agreement. Alternatively, the franchisee can provide other evidence of insurance coverage and payment of premiums, if requested by Camp Margaritaville.
This requirement ensures that the franchisee has adequate insurance coverage in place to protect both the franchisee and Camp Margaritaville from potential liabilities and risks associated with operating the resort. Common types of insurance for franchises include general liability, property, and workers' compensation.
It is important for prospective Camp Margaritaville franchisees to carefully review the insurance requirements outlined in the Franchise Agreement and ensure they can obtain the necessary coverage before opening their resort. Failure to meet these insurance requirements could delay or prevent the opening of the Camp Margaritaville location.