What is the deadline for a Chicken Guy Developer to submit a certificate of insurance after the Franchise Agreement is executed?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
- D. Proof of Insurance. No later than 30 days after this Agreement is executed by Chicken Guy, and on each policy renewal date thereafter, Developer shall submit a certificate of insurance, or other evidence of satisfactory insurance as required by this Section 6.D. and proof of payment therefor to Chicken Guy. The evidence of insurance shall include a statement by the insurer that the policy or policies will not be canceled or materially altered without at least 10 days' prior written notice to Chicken Guy. Upon request, Developer also shall provide to Chicken Guy copies of all or any policies and policy amendments and riders.
Source: Item 23 — RECEIPTS (FDD pages 50–286)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, a Chicken Guy Developer must submit a certificate of insurance no later than 30 days after the Franchise Agreement is executed by Chicken Guy. This certificate serves as proof that the Developer has obtained the necessary insurance coverage. Additionally, the Developer must provide proof of payment for the insurance.
Chicken Guy also requires the certificate of insurance to include a statement from the insurer guaranteeing that the policy will not be canceled or materially altered without at least 10 days' prior written notice to Chicken Guy. This ensures that Chicken Guy is informed of any changes to the insurance coverage that could affect their interests. Chicken Guy also has the right to request copies of all insurance policies and any amendments or riders to those policies.
It is important to note that the insurance requirements outlined by Chicken Guy do not constitute advice or a representation that the specified policies and amounts are sufficient to protect the Developer from all potential losses. The Developer remains responsible for determining and obtaining adequate insurance coverage for their business operations and is still liable under the indemnification provisions of the Franchise Agreement, regardless of whether they meet the minimum insurance requirements.