What waiver must a Fitstop franchisee cause the insurer to include in all insurance policies?

According to Fitstop's 2024 Franchise Disclosure Document, Fitstop franchisees must ensure that their insurance policies include a waiver of subrogation favoring Fitstop, its officers, and its directors.

A waiver of subrogation prevents the insurance company from pursuing Fitstop to recover any payments made to cover a claim. This protects Fitstop from potential liabilities and financial losses related to incidents at the franchisee's location.

This requirement is a standard practice in franchising, as it shields the franchisor from financial risks associated with the franchisee's operations. Franchisees should factor in the cost of obtaining such a waiver when evaluating their overall insurance expenses and ensure their insurance provider can accommodate this requirement.