What is the deadline for a City Wide franchisee to furnish City Wide with a certificate of insurance?

According to City Wide's 2025 Franchise Disclosure Document, a franchisee must furnish City Wide with a certificate of insurance within six months after signing the franchise agreement. However, the deadline is accelerated if the franchisee acquires an interest in the real property where they will operate the franchised business; in that case, the certificate is due no later than the date of property acquisition.

The certificate of insurance serves as proof that the franchisee has obtained the necessary insurance policies, naming City Wide as an additional insured. This protects both the franchisee and City Wide against potential losses, liabilities, personal injury, death, property damage, or expenses related to the franchised business. The certificate must confirm that the policy will not be canceled or altered without at least thirty days prior written notice to City Wide and must show proof of premium payments.

This requirement ensures that City Wide franchisees maintain adequate insurance coverage from the outset of their operations. Failing to provide the certificate of insurance within the specified timeframe could be a breach of the franchise agreement. It is important for prospective franchisees to understand these insurance obligations and factor the costs of obtaining and maintaining the required insurance into their initial investment and ongoing operating expenses.