When must Certificates of Insurance be provided to Petro Franchise by a Petro Stopping Center franchisee?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
rom TA Operating. TA Operating is the sole approved supplier of the Proprietary Systems. The Proprietary Systems are sold to you at TA Operating's actual cost. All other Computer Systems and software must be purchased directly from third-party vendors, as set forth in Item 11.
Insurance
You must obtain and maintain at your expense such insurance policies (which are primary as to any other existing, valid, enforceable or collectible insurance) protecting you, Petro Franchise (and its Affiliates) and the respective officers, directors, partners and employees against any loss, liability, or expense arising or occurring upon or in connection with the Petro Center as Petro Franchise may require under or pursuant to the Manuals, or otherwise in writing, for its own and your protection. Upon execution of the Franchise Agreement, you must furnish to Petro Franchise for approval a Certificate of Insurance showing compliance with your insurance requirements. The certificate must state that the policy or policies must not be cancelled or materially altered without at least 30 days prior written notice to Petro Franchise and reflect proof of payment of premiums. Certificates of Insurance must also be provided to Petro Franchise during the term of the Franchise Agreement, upon the renewal of any underlying insurance policy or upon request by Petro Franchise. Within 30 days after the execution of the Franchise Agreement (or any renewal agreement), and at any time upon request by Petro Franchise, you must deliver to Petro Franchise a copy of each required insurance policy. Petro Franchise and any of our Affiliates that we designate must be named as an additional insured on all required policies. Petro Franchise may modify the minimum insuranc
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 37–42)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, a franchisee must provide Certificates of Insurance to Petro Franchise under several circumstances. Upon the execution of the Franchise Agreement, the franchisee must furnish a Certificate of Insurance for approval, demonstrating compliance with the insurance requirements. This certificate must confirm that the insurance policy cannot be canceled or materially altered without at least 30 days' prior written notice to Petro Franchise and must also show proof of premium payment.
During the term of the Franchise Agreement, franchisees are obligated to provide Certificates of Insurance upon the renewal of any underlying insurance policy. Additionally, Petro Franchise can request these certificates at any time during the franchise term. Within 30 days after the execution of the Franchise Agreement (or any renewal agreement), and at any time upon request by Petro Franchise, the franchisee must also deliver a copy of each required insurance policy.
These requirements ensure that Petro Stopping Center maintains continuous oversight of the franchisee's insurance coverage, protecting both the franchisee and Petro Franchise from potential liabilities. The ability of Petro Franchise to request certificates at any time allows them to verify ongoing compliance and adjust insurance requirements as needed, reflecting changes in risk or legal standards. Franchisees should maintain organized records of their insurance policies and renewal dates to ensure timely submission of certificates and avoid any potential breach of the Franchise Agreement.