Must copies of all required insurance policies be furnished to Creative World School before opening?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.06 School Opening.
You agree not to open the School for business until:
- (e) we have been furnished with copies of all insurance policies required by this Agreement, or such other evidence of insurance coverage and payment of premiums as we request or accept; and
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, a franchisee must furnish copies of all required insurance policies to Creative World School before opening their school for business. Specifically, the FDD states that the franchisee must provide either copies of all required insurance policies or other evidence of coverage and premium payment that Creative World School requests or accepts.
This requirement is one of several conditions that must be met before a Creative World School franchise can open. Other conditions include approval of the school's development, completion of pre-opening training, payment of all due fees (including the Initial Franchise Fee and Opening Package Fee), approval of the school's manager, and receipt of signed documents related to the site acquisition.
This provision ensures that the franchisee has obtained the necessary insurance coverage to protect both the franchisee and Creative World School from potential liabilities. Failing to provide the required insurance documentation can delay the opening of the school, as Creative World School must be satisfied that all conditions of the agreement have been fulfilled before allowing the franchisee to commence operations.