What evidence of insurance coverage is a Chocolate Fish Coffee franchisee required to provide?

According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, franchisees must provide Certificates of Insurance to Chocolate Fish Franchising as evidence of the required insurance coverage. These certificates must be provided prior to opening the franchise and upon annual renewal of the insurance coverage. Additionally, Chocolate Fish Franchising can request these certificates at any time.

The required insurance policies, as specified in the Manual, must include Chocolate Fish Franchising and its affiliates as additional insured parties. The policies must also include a waiver of subrogation in favor of Chocolate Fish Franchising and its affiliates, be primary and non-contributing with any insurance carried by Chocolate Fish Franchising, and stipulate that Chocolate Fish Franchising receive 30 days' prior written notice of cancellation.

This requirement ensures that Chocolate Fish Coffee franchisees maintain adequate insurance coverage to protect both their business and the franchisor from potential liabilities. By providing Certificates of Insurance, franchisees demonstrate their compliance with the insurance requirements and provide Chocolate Fish Franchising with verification of coverage. This is a standard practice in franchising to mitigate risks and ensure brand consistency and protection across all franchise locations.