What evidence of insurance must a Crowne Plaza licensee furnish to IHG during the license term?
Crowne_Plaza Franchise · 2025 FDDAnswer from 2025 FDD Document
At all times during the License Term, Licensee will furnish to IHG certificates of insurance evidencing the term and limits of coverage in force, names of applicable insurers and persons insured. Revised certificates of insurance shall be forwarded to IHG each time a change in coverage or insurance carrier is made by Licensee, and/or upon renewal of expired coverages. At IHG's option, Licensee may be required to provide certified insurance policy copies. If Licensee fails to procure or maintain the insurance coverages and limits set forth in paragraph 8.B., IHG will have the right and authority (but not the obligation) to procure such insurance at Licensee's cost, including any costs incurred by IHG for procurement and maintenance of such insurance.
Source: Item 23 — Receipts (FDD pages 100–424)
What This Means (2025 FDD)
According to the 2025 Crowne Plaza Franchise Disclosure Document, a licensee must provide IHG with evidence of insurance coverage throughout the license term. This evidence must be in the form of certificates of insurance that detail the coverage period, coverage limits, the names of the insurers, and the insured parties.
Whenever there are changes to the insurance coverage or the insurance carrier, or upon renewal of expired coverage, the Crowne Plaza licensee is required to forward revised certificates of insurance to IHG. IHG also has the option to request certified copies of the insurance policies.
If a licensee fails to maintain the required insurance coverage and limits, IHG has the right, but not the obligation, to procure the necessary insurance at the licensee's expense. This includes any costs IHG incurs in obtaining and maintaining the insurance. This provision ensures that adequate insurance is in place to protect the Crowne Plaza brand and its affiliates, with the financial burden falling on the licensee if they fail to comply with the insurance requirements.