When must a Fly To Fit franchisee provide Certificates of Insurance to Fly To Fit Franchise?

According to Fly To Fit's 2024 Franchise Disclosure Document, a franchisee must provide Certificates of Insurance evidencing the required coverage to Fly To Fit under the following circumstances: prior to opening their Fly To Fit business, upon annual renewal of their insurance coverage, and at any time upon request from Fly To Fit.

This requirement ensures that Fly To Fit franchisees maintain adequate insurance coverage, protecting both the franchisee and Fly To Fit from potential liabilities. The insurance policies, with the exception of Workers Compensation, must list Fly To Fit and its affiliates as additional insured, include a waiver of subrogation in favor of Fly To Fit and its affiliates, be primary and non-contributing with any insurance carried by Fly To Fit or its affiliates, and stipulate that Fly To Fit shall receive 30 days' prior written notice of cancellation.

Complying with these insurance requirements is a standard practice in franchising, as it helps to mitigate risks and maintain the integrity of the Fly To Fit brand. Franchisees should carefully review the insurance requirements outlined in the FDD and the Manual to ensure they obtain the necessary coverage and provide the required certificates in a timely manner.