What evidence of insurance compliance is Christies International Real Estate required to receive from franchisees?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
At least two weeks before you open your Business, you must provide us with copies of the certificate of insurance, insurance policy endorsements, or other evidence of compliance with our insurance requirements. Further, you must send us a copy of the evidence of the renewal or extension of each insurance policy in a form we require at least two weeks before the expiration of your then current policy.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 20–24)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, franchisees must provide evidence of insurance compliance both before opening their business and upon renewal or extension of their insurance policies. Specifically, at least two weeks before opening their Christies International Real Estate business, franchisees must furnish copies of the certificate of insurance, insurance policy endorsements, or other evidence of compliance with the franchisor's insurance requirements.
Furthermore, franchisees are obligated to send Christies International Real Estate a copy of the evidence of the renewal or extension of each insurance policy. This evidence must be in a form acceptable to Christies International Real Estate and must be provided at least two weeks before the expiration of the current policy. This ongoing requirement ensures that franchisees maintain continuous and adequate insurance coverage throughout the term of their franchise agreement.
These stipulations are in place to protect both the franchisee and Christies International Real Estate from potential liabilities and financial losses. By requiring specific documentation and timely submission, Christies International Real Estate aims to ensure that all franchisees meet the necessary insurance obligations, thereby mitigating risks associated with operating a real estate business under the Christies International Real Estate brand.