Who must Kidokinetics Franchisees name as additional insureds on their insurance policies?

According to Kidokinetics's 2024 Franchise Disclosure Document, franchisees are required to include specific parties as additional insureds on their insurance policies. Specifically, Kidokinetics franchisees must name Kidokinetics, along with its officers, directors, partners, agents, and employees, as additional insured parties on all required insurance policies, with the exception of workers' compensation insurance.

This requirement means that Kidokinetics and its associated parties are protected under the franchisee's insurance policies, offering them coverage against potential liabilities arising from the franchisee's business operations. This is a common practice in franchising, as it provides an added layer of security for the franchisor and its affiliates.

Franchisees must also provide Kidokinetics with Certificates of Insurance to demonstrate that the required insurance coverage is in effect. Failing to maintain the required insurance can result in Kidokinetics procuring the insurance themselves and charging the franchisee for the cost, plus an additional 20% administrative fee. Franchisees must also provide Kidokinetics with copies of any insurance claims or cancellations within 24 hours.