Besides the franchisee, which other entities must be named as insureds with additional insured status, primary and non-contributory coverage, and waiver of subrogation on the insurance policies of third parties hired by a Remax franchisee?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
All third parties that you hire shall provide evidence of general liability coverage, automobile liability coverage, workers' compensation and employer's liability coverage, and other coverages we deem necessary. Coverage will be in favor of Franchisee, REMAX Regional, and REMAX, LLC and shall include additional insured status, primary and non-contributory coverage, and waiver of subrogation.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, when a Remax franchisee hires third parties, those third parties must provide evidence of several insurance coverages, including general liability, automobile liability, workers' compensation, and employer's liability.
In addition to the franchisee, the following entities must be named as insureds on these policies: Remax Regional and Remax, LLC. These entities must be included under additional insured status, primary and non-contributory coverage, and waiver of subrogation.
This requirement ensures that Remax Regional and Remax, LLC are protected from potential liabilities arising from the actions of third parties hired by the franchisee. The franchisee must ensure that all hired third parties comply with these insurance requirements.