To what address should a Crave tenant submit a Certificate of Insurance for each insurance policy required?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
Tenant shall submit to Landlord a Certificate of Insurance for each insurance policy required under this document naming "Wal-Mart Stores, Inc., Attn: Asset Management, 2001 S.E. 10th Street, Bentonville, AR 72716-5525" as the Certificate Holder Additionally, each Certificate of Insurance must: (1) Be submitted to Landlord at the address provided in the preceding sentence; (2) Show the name and address of the Insurer; (3) Show the policy number and date(s) of coverage for each policy procured by Tenant in satisfaction of its obligations under this Lease; (4) Include the name, address, telephone number, and signature of the authorized person providing the Certificate of Insurance; (5) Verify the insurance coverage required in this document; (6) Where permitted by law, list as Additional Insureds Wal-Mart Stores, Inc., its Subsidiaries and its Affiliates, and the directors, officers, shareholders, employees, agents, and representatives, and the respective successors and assigns of each, and any party that Landlord has a contractual obligation to indemnify in relation to Tenant's use of the applicable Leased Premises; (7) Verify that Insurer waives subrogation in favor of Landlord and Landlord's affiliates and subsidiaries; (8) Verify the insurance policies are primary, non-contributory, and not in excess of any insurance the Additional Insured has available to it; and (9) Where permitted by law, provide coverage for punitive damages.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, a tenant must submit a Certificate of Insurance for each required insurance policy to Wal-Mart Stores, Inc., Attn: Asset Management, at 2001 S.E. 10th Street, Bentonville, AR 72716-5525. This requirement is part of the broader insurance obligations Crave franchisees must fulfill.
The Certificate of Insurance must include specific details such as the insurer's name and address, the policy number, coverage dates, and contact information for the authorized person providing the certificate. It must also verify the required insurance coverage, list additional insured parties (including Wal-Mart Stores, Inc. and its affiliates), confirm the insurer waives subrogation in favor of the landlord and its affiliates, verify the policies are primary and non-contributory, and, where permitted by law, provide coverage for punitive damages.
Crave may modify the minimum insurance coverage requirements, including increases to reflect inflation or market conditions. Franchisees must deliver Certificates of Insurance at least ten days before construction begins and no fewer than thirty days before any policy's expiration. Failure to maintain the required insurance constitutes a material breach of the lease, potentially leading to liabilities for claims that the insurance would have covered.