factual

What evidence of insurance coverage does City Publications require franchisees to furnish?

City_Publications Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisee agrees to provide annually a certificate of insurance showing compliance with the foregoing requirements. Such certificate shall state that said policy or policies shall not be canceled or altered without at least thirty (30) days prior written notice to Franchisor and shall reflect

proof of payment of premiums.

Source: Item 23 — RECEIPT (FDD pages 39–129)

What This Means (2025 FDD)

According to City Publications' 2025 Franchise Disclosure Document, franchisees must provide a certificate of insurance annually as evidence of coverage. This certificate must demonstrate compliance with the insurance requirements outlined in the franchise agreement.

The certificate of insurance must state that the insurance policy or policies will not be canceled or altered without at least thirty days prior written notice to City Publications. Additionally, the certificate must reflect proof of payment of premiums, ensuring that the franchisee maintains continuous coverage.

It is important for prospective City Publications franchisees to understand that failure to maintain the required insurance coverage can result in City Publications procuring the insurance themselves and charging the franchisee for the cost, along with a reasonable fee for expenses incurred. This underscores the importance of maintaining adequate and timely insurance coverage as mandated by the franchise agreement.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.