How often must a Focalpoint Coaching franchisee furnish the franchisor with copies of Certificates of Insurance?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must provide Franchisor with copies of Franchisee's Certificates of Insurance or other evidence Franchisor requires evidencing the required coverages no later than ten (10) days before Franchisee commences operation of the Franchised Business. Franchisee must furnish Franchisor, on an annual basis, copies of Franchisee's Certificates of Insurance or other evidence Franchisor requires of Franchisee's maintaining this insurance coverage and paying premiums. Franchisee must furnish Franchisor the original policies evidencing all such insurance coverages within five (5) days of Franchisor's written request. Franchisee agrees to renew all policies and documents, and to furnish Franchisor copies of renewal Certificates of Insurance or other evidence Franchisor requires of Franchisee maintaining this insurance coverage and paying premiums prior to the expiration date of the policy.
Source: Item 22 — Contracts (FDD pages 56–57)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, a franchisee must provide copies of their Certificates of Insurance to Focalpoint Coaching at several specific times. Initially, the franchisee must furnish these certificates or other required evidence no later than ten days before commencing operation of the Franchised Business.
Additionally, on an annual basis, the franchisee is obligated to furnish Focalpoint Coaching with copies of their Certificates of Insurance or other evidence demonstrating that they are maintaining the required insurance coverage and paying the associated premiums. This annual submission ensures that Focalpoint Coaching remains informed about the franchisee's ongoing insurance status.
Furthermore, the franchisee must provide the original insurance policies within five days of Focalpoint Coaching's written request. Franchisees must also furnish copies of renewal Certificates of Insurance or other evidence of maintained coverage and premium payments before the policy's expiration date, ensuring continuous coverage throughout the franchise term.