Does compliance with state minimum insurance requirements relieve Healthsource Chiropractic from the contractual insurance requirements in the agreement?

According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, franchisees' obligation to maintain insurance coverage as described in the agreement will not be reduced by any separate insurance that Healthsource Chiropractic maintains. Furthermore, Healthsource Chiropractic's maintenance of their own insurance will not relieve franchisees of any obligations under the agreement.

This means that even if a franchisee meets the minimum insurance requirements set by the state, they are still responsible for maintaining the insurance coverage as outlined in the franchise agreement with Healthsource Chiropractic. Franchisees should consult with their own insurance agents, brokers, and attorneys to determine the types and levels of insurance protection they may need or desire, in addition to the minimum limits specified by Healthsource Chiropractic.

This clause emphasizes that the insurance Healthsource Chiropractic requires is primarily for its own protection, and franchisees should not assume that compliance with state minimums or Healthsource Chiropractic's own insurance policies will fully protect them from potential liabilities. Franchisees are responsible for all loss or damage and contractual liability to third persons originating from the operation of the franchise, and must indemnify Healthsource Chiropractic against any claims, loss, or damage.