Can Management Company change the required insurance coverage amounts for Healthsource Chiropractic?

According to Healthsource Chiropractic's 2025 Franchise Agreement, the Management Company has the authority to adjust the required insurance coverage amounts. Specifically, the agreement states that the Management Company must maintain any and all insurance coverage in such amounts and under such terms and conditions as may be required in connection with the lease or purchase of the Premises.

This means that as a Healthsource Chiropractic Licensed Provider, you are obligated to adhere to the insurance requirements set by the Management Company. It is important to note that the insurance Management Company requires is for its own protection.

However, the agreement also advises that Licensed Providers should consult with their own insurance agents, brokers, and attorneys to determine what types of coverages and what level of insurance protection they may need or desire, in addition to the coverages and minimum limits specified by Management Company. While the Management Company sets the minimum requirements, franchisees are encouraged to seek independent advice to ensure they have adequate coverage for their specific circumstances.