When is the reimbursement of cost of insurance fee due to Marble Slab Creamery?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Reimbursement of Cost of Insurance (1) | Our cost to procure insurance and a reasonable fee to cover our related expenses | On demand | If you fail to secure required insurance coverage, we can obtain it for you |
Source: Item 6 — OTHER FEES (FDD pages 23–32)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, the reimbursement for the cost of insurance is due 'on demand.' This fee covers Marble Slab Creamery's expenses to procure insurance on behalf of the franchisee, along with a reasonable fee to cover related expenses.
This situation arises if a franchisee fails to secure the required insurance coverage themselves. In such cases, Marble Slab Creamery has the right to obtain the necessary insurance and then demand reimbursement from the franchisee.
The 'on demand' payment term means that Marble Slab Creamery can request immediate payment for these insurance costs. Franchisees should ensure they maintain the required insurance coverage to avoid incurring this additional expense and the potential for immediate payment demands.