What waiver must be included in the Care Plus Medical UCC franchisee's insurance policies?

According to Care Plus Medical UCC's 2024 Franchise Disclosure Document, the franchisee's insurance policies (excluding Workers Compensation) must include a waiver of subrogation in favor of Care Plus Medical UCC and its affiliates. This means that the insurance company agrees not to pursue Care Plus Medical UCC or its affiliates to recover any payments made to the franchisee for a covered loss.

In addition to the waiver of subrogation, the franchisee's policies must also list Care Plus Medical UCC and its affiliates as an additional insured. The policies must be primary and non-contributing with any insurance carried by Care Plus Medical UCC or its affiliates, meaning the franchisee's insurance pays out first. Finally, the policies must stipulate that Care Plus Medical UCC receive 30 days' prior written notice of cancellation.

These requirements ensure that Care Plus Medical UCC is protected from potential liabilities and has adequate notice to take necessary actions if a franchisee's insurance coverage is at risk of being canceled. Franchisees should carefully review their insurance policies to ensure compliance with these requirements and understand the implications of the waiver of subrogation.