When must a Monicals Pizza franchisee provide certificates of insurance showing compliance with insurance requirements?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall provide, annually, and at least ten (10) days prior to the scheduled expiration of each such policy, certificates of insurance showing compliance with the foregoing requirements for the following twelve (12) month period. Such certificates shall state that said policy or policies shall not be canceled or altered without at least thirty (30) days' prior written notice to Franchisor.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, franchisees must provide certificates of insurance annually, and at least ten days before the expiration of each insurance policy. These certificates serve as proof that the franchisee is complying with the insurance requirements outlined in the franchise agreement.
Specifically, the certificates must demonstrate compliance with the insurance requirements for the upcoming twelve-month period. These certificates must also state that the insurance policies cannot be canceled or altered without providing Monicals Pizza with at least thirty days' prior written notice.
This requirement ensures that Monicals Pizza franchisees maintain adequate insurance coverage, protecting both the franchisee and the franchisor from potential liabilities. Failure to provide these certificates or maintain the required coverage could result in Monicals Pizza procuring the insurance themselves and charging the premiums and associated fees to the franchisee.