Does Healthsource Chiropractic require written approval of the deductible amounts for the franchisee's insurance policies?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- h. In addition to the requirements of the foregoing paragraphs of this Paragraph 10.8, you must maintain any and all insurance coverage in such amounts and under such terms and conditions as may be required in connection with your lease or purchase of the Premises.
- i. The insurance HealthSource Chiropractic requires is for its own protection. You should consult with your own insurance agents, brokers, and attorneys to determine what types of coverages and what level of insurance protection you may need or desire, in addition to the coverages and minimum limits specified by HealthSource Chiropractic. Your obligation to maintain insurance coverage as described in this Agreement will not be reduced in any manner by reason of any separate insurance we maintain on our own behalf, nor will our maintenance of that insurance relieve you of any obligations under this Agreement.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Healthsource Chiropractic does not explicitly state that franchisees need written approval for the deductible amounts in their insurance policies. However, franchisees must maintain insurance coverage in amounts and under terms and conditions required in connection with the lease or purchase of the premises.
Healthsource Chiropractic mandates that franchisees maintain comprehensive commercial general liability and motor vehicle liability insurance against claims for bodily and personal injury, death, and property damage. The insurance coverage must be in force before the franchisee opens the franchise and during the term of the agreement, under policies issued by carriers in good standing in the state where the clinic is located.
It is the franchisee's responsibility to cover all losses, damages, and contractual liabilities to third parties originating from the operation of the franchise. Franchisees are also responsible for claims related to property damage, injury, illness, or death. Healthsource Chiropractic emphasizes that the required insurance is for its own protection, and franchisees should consult their own insurance agents, brokers, and attorneys to determine the types and levels of insurance protection they need or desire, in addition to the minimum requirements set by Healthsource Chiropractic.