Which entities must be named as additional insured on the Cool Binz franchisee's commercial general liability insurance policy?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
d in the aggregate and shall list the commercial general liability, automobile liability and employers' liability policies as scheduled underlying policies. You shall maintain insurance for "bodily injury," "property damage," and "personal and advertising injury" with no exclusion or limitation applying to the products/completed operations liability coverage. Limits shall be at least $2,000,000 general aggregate, $2,000,000 products and completed operations aggregate, $1,000,000 personal and advertising injury limit, and $1,000,000 per occurrence limit. Contractual liability coverage including the assumed personal
injury endorsement shall be included to cover the indemnity provisions of this Agreement. The exclusion for employer's liability shall not apply to claims for covered contractually assumed liability claims. Cool Binz International, LLC, BELFOR Franchise Group, LLC, and BELFOR USA Group Inc. shall be named as an additional insured on such policy on a primary and noncontributory basis with a Grantor of Franchise Form CG2029 or an insurer's comparable form. Such policy shall also contain a waiver of subrogation endorsement as to claims against Cool Binz International, LLC, BELFOR Franchise Group, LLC, and BELFOR USA Group Inc.
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- Automobile Liability Insurance. You shall maintain insurance with a combined single limit, CSL, of $1,000,000 for bodily injury and property damage for all owned or leased vehicles and for hired and non-owned motor vehicles. Additionally, uninsured motorist and under-insured motorist coverage will be equal to the CSL.
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- Workers' Compensation and Employers' Liability. Statutorily required workers' compensation insurance and employer's liability insurance shall be maintained with limits of at least $1,000,000 by accident, $1,000,000 by disease and $1,000,000 policy limit; or the minimum limit required by your state, whichever is higher.
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, franchisees are required to maintain commercial general liability insurance and must name certain entities as additional insureds on this policy. Specifically, Cool Binz International, LLC, BELFOR Franchise Group, LLC, and BELFOR USA Group Inc. must be listed as additional insureds. The policy should be on a primary and noncontributory basis, utilizing a Grantor of Franchise Form CG2029 or an insurer's comparable form.
In addition to naming the specified entities as additional insureds, the policy must also include a waiver of subrogation endorsement regarding claims against Cool Binz International, LLC, BELFOR Franchise Group, LLC, and BELFOR USA Group Inc. This waiver prevents the insurance company from pursuing claims against these entities in the event of a loss.
Furthermore, all general liability insurance policies will name Cool Binz, BELFOR Franchise Group, LLC, BELFOR USA Group Inc., and their designated affiliates, employees, officers, and directors as additional insureds. The policy should not limit or reduce coverage for the franchisee if a claim is made by any of the Indemnified Parties, as defined in Section 14.C of the Franchise Agreement. The insurance must extend to and provide indemnity for all obligations assumed by the franchisee and all items for which the franchisee is required to indemnify Cool Binz. The policy must be primary and without right of contribution from any other insurance purchased by the Indemnified Parties, and it must provide at least 30 days' notice of any intent to cancel or materially alter the policy.