What evidence of insurance coverage does HydroDog require?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- 19.4 Evidence of Coverage. Before the expiration of the term of each insurance policy, you must furnish us with a copy of each new, renewal or replacement policy you have obtained to extend your coverage, along with evidence of the premium payment. If you fail to maintain the required insurance coverage, or fail to furnish us with satisfactory evidence of insurance coverage and premium payments, we reserve the right, in addition to our other rights and remedies under this Agreement, to obtain any required insurance coverage on your behalf at your expense. If we do so, you must fully cooperate with us in our effort to obtain the insurance policies and must promptly sign all forms required to obtain or maintain the insurance. You must also allow any inspections of your HydroDog Business required to obtain or maintain the insurance. Finally, you must pay us, on demand, any costs and premiums we incur in obtaining insurance on your behalf. Neither your obligation to maintain insurance coverage nor our maintenance of insurance on your behalf will reduce or absolve you of any obligations of indemnification described in this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, franchisees must furnish Hydrodog with a copy of each new, renewal, or replacement insurance policy before the expiration of the term of each insurance policy. This submission must include evidence of premium payment.
If a franchisee fails to maintain the required insurance coverage or provide satisfactory evidence of coverage and premium payments, Hydrodog reserves the right to obtain the necessary insurance on the franchisee's behalf, at the franchisee's expense. In such cases, the franchisee must fully cooperate with Hydrodog in obtaining the insurance policies, sign all required forms, and allow inspections of the Hydrodog Business.
The franchisee is also responsible for paying, on demand, any costs and premiums incurred by Hydrodog in obtaining insurance on their behalf. It is important to note that the franchisee's obligation to maintain insurance coverage, or Hydrodog's maintenance of insurance on the franchisee's behalf, does not reduce or absolve the franchisee of any indemnification obligations outlined in the agreement.