Who is responsible for the cost of insurance coverage for a Cilantro Taco Grill franchise?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
Franchisee shall obtain, at a minimum, the additional insurance coverages Franchisor requires.
All required insurance policies shall name Franchisor and their affiliates and their members, officers, agents and employees as additional insureds as their interests may appear.
All public liability policies shall contain a provision that the additional insureds, although named as insureds, shall nevertheless be entitled to recover under such policies on any loss caused by Franchisee or Franchisee's servants, agents or employees, and all required insurance policies shall contain a waiver of subrogation in favor of the additional insureds.
Franchisee is solely responsible for the safety and security of the Franchised Business location for Franchisee, Franchisee's personnel, customers, agents and the general public.
Any suggestions by Franchisor on such matters are for guidance only and not binding on Franchisee.
Source: Item 10 — Initial Inventory. This estimate is for the cost of the initial inventory sufficient for approximately 3 months of operation. Your initial inventory will include ingredients and supplies, containers, cleaning products, and other disposables. (FDD pages 21–22)
What This Means (2024 FDD)
According to the 2024 Cilantro Taco Grill Franchise Disclosure Document, the franchisee is responsible for obtaining and maintaining the required insurance coverages. The franchisee must also obtain any additional insurance coverages that Cilantro Taco Grill requires.
All required insurance policies must name Cilantro Taco Grill and its affiliates, members, officers, agents, and employees as additional insureds. These policies must also contain a provision that allows the additional insureds to recover under the policies for any loss caused by the franchisee or the franchisee's staff, and a waiver of subrogation in favor of the additional insureds.
Furthermore, the franchisee is responsible for maintaining the safety and security of the franchised business location for themselves, their personnel, customers, agents, and the general public. Any suggestions made by Cilantro Taco Grill regarding safety and security are for guidance only and are not binding on the franchisee.