Who within the Focus Cfo franchisee's business entity is covered by the business insurance provided by Focus Cfo?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 10.1.
Business Insurance Coverage.
Focus CFO will provide Franchisee with reasonable business insurance coverage (general liability, crime, and employment practices), subject to standard limitations and indemnification provisions for a professional service business and Franchisee's ongoing compliance with Focus CFO's policies and standard operating procedures.
Franchisee acknowledges and agrees that Focus CFO does not represent or warrant that such insurance coverage is adequate to protect Franchisee and nothing in this Agreement restricts Franchisee from obtaining its own insurance.
This business insurance coverage extends only to the Area President of the Franchisee's business entity.
It does not extend to other Support Resources of the Franchisee's business entity.
Franchisee shall be responsible for ensuring it has all appropriate insurance in place to cover the services performed by all Support Resources of Franchisee.
Focus CFO may provide Franchisee with, in writing, minimum insurance requirements for Support Resources of Franchisee that Franchisee must follow.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the business insurance coverage that Focus Cfo provides extends only to the Area President of the franchisee's business entity. This coverage includes general liability, crime, and employment practices insurance, and is subject to standard limitations and indemnification provisions typical for a professional service business. The franchisee must also comply with Focus Cfo's policies and standard operating procedures to maintain this coverage.
This business insurance does not extend to other support resources of the franchisee's business entity. Therefore, the franchisee is responsible for securing and maintaining appropriate insurance to cover all services performed by these support resources. Focus Cfo may provide written minimum insurance requirements for these support resources, which the franchisee must adhere to.
As a Focus Cfo franchisee, it is crucial to understand that the insurance provided by Focus Cfo is limited to the Area President role. Franchisees should carefully assess their insurance needs and ensure they have adequate coverage for all other employees or contractors working within their business to avoid potential liabilities. Franchisees also acknowledge that Focus CFO does not warrant that the provided insurance coverage is adequate to protect the franchisee and nothing restricts the franchisee from obtaining their own insurance.