Who must the Exit franchisee's insurance agency send copies of all insurance policies to?

According to Exit's 2025 Franchise Disclosure Document, the franchisee's insurance agency is required to send copies of all insurance policies directly to both Exit and the Subfranchisor. This requirement ensures that Exit and the Subfranchisor are aware of the franchisee's insurance coverage and that they are listed as named insureds on the policies.

This requirement includes general public liability insurance and errors and omissions insurance, each with a general aggregate limit of not less than $1,000,000. The policies must include Exit and the Subfranchisor, along with their officers and directors, as named insureds. Furthermore, the insurance policies cannot be canceled without providing ten days' written notice to both Exit and the Subfranchisor.

In addition to sending copies of the policies, the franchisee must also ensure that their insurance agency delivers certificates of insurance to Exit and the Subfranchisor before the franchisee begins conducting business under the Franchise Agreement. These certificates serve as proof that the required insurance is in full force and effect, and they must also name the Subfranchisor and Exit as additional insureds. This comprehensive insurance requirement protects Exit and the Subfranchisor from potential liabilities arising from the franchisee's operations.