Under what condition will Management Company provide copies of insurance policies to Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- 8.6 In accordance with Management Company's obligations in Section 2.1(i), Management Company will provide Licensed Provider with (i) certificates and copies of additional insured endorsements evidencing the existence of such insurance concurrently with execution of this Agreement and from time to time upon demand of Management Company, and (ii) upon Licensed Provider's request stating the reason therefor (such as a claim has been filed), copies of the insurance policies, along with all applicable endorsements.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the Management Company will provide copies of insurance policies to the Licensed Provider under specific circumstances. The Management Company is obligated to provide certificates and copies of additional insured endorsements, demonstrating the existence of such insurance, both when the agreement is executed and periodically upon the Management Company's demand.
More specifically, the Management Company will furnish copies of the insurance policies, along with all applicable endorsements, upon the Licensed Provider's request. However, this request must include a stated reason, such as a claim that has been filed. This ensures that the Licensed Provider has access to the necessary documentation when it is needed for legitimate purposes, such as addressing insurance claims or verifying coverage details.
This arrangement allows the Licensed Provider to obtain the necessary insurance information from the Management Company when a specific need arises, while also ensuring that the Management Company is aware of the reason for the request. This process helps to maintain transparency and accountability regarding insurance coverage related to the Healthsource Chiropractic business.