How much advance written notice must a Healthsource Chiropractic franchisee provide for any material modification, cancellation, or expiration of any insurance policy?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
Before you open the Franchise and during any Term of this Agreement, you must maintain in force, under policies of insurance issued by carriers in good standing in the state where your clinic is located: (1) comprehensive commercial general liability and motor vehicle liability insurance against claims for bodily and personal injury, death and property damage
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the agreement does not specify a required advance written notice from the franchisee regarding material changes, cancellation, or expiration of insurance policies. However, franchisees are obligated to maintain required insurance coverage both before opening and throughout the term of the agreement.
Paragraph 10.8 outlines the insurance requirements for Healthsource Chiropractic franchisees. It stipulates that franchisees must maintain comprehensive commercial general liability and motor vehicle liability insurance. Additionally, franchisees must adhere to any insurance requirements connected with leasing or purchasing the premises.
Given the absence of a specific notice period, it is crucial for prospective Healthsource Chiropractic franchisees to discuss insurance policy modification, cancellation, or expiration protocols with the franchisor. Understanding the franchisor's expectations and potential implications of policy changes is essential for maintaining compliance and protecting the business.