When must a Marble Slab Creamery franchisee procure builder's risk insurance?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must, before the commencement of any construction of the Restaurant, and will maintain in full force and effect at all times during construction, at Franchisee's expense, builders risk insurance in the minimum amounts of coverage specified in the Manual or otherwise in writing.
Source: Item 22 — CONTRACTS (FDD page 101)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, a franchisee must obtain builder's risk insurance before starting any construction on the restaurant. This insurance must be maintained throughout the entire construction period.
The purpose of builder's risk insurance is to protect both the franchisee and Marble Slab Creamery from potential losses or damages that may occur during the construction phase. This coverage is in addition to other insurance policies the franchisee is required to maintain.
The specific minimum coverage amounts for the builder's risk insurance are detailed in the Marble Slab Creamery manual or in writing from the franchisor. It is the franchisee's responsibility to ensure they have adequate coverage as specified by Marble Slab Creamery and to provide proof of this insurance to the franchisor.