Franchise insurance definition
Examples of Franchise insurance in a sentence
Franchisee shall procure and maintain, for the duration of the Franchise, insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the services hereunder by the Franchisee, its agents, representatives, employees, or Subcontractors.
Grantee shall maintain in full force and effect at all times for the full term of the Franchise, insurance as described in this section.
Company shall, at its sole cost and expense, obtain, maintain, and provide, throughout the term of this Franchise, insurance in accordance with City ordinances; provided, however, that Company may instead meet the insurance requirements of City Code chapter 4-6, either by a Company approved formal plan of self-insurance maintained in accordance with sound accounting and risk-management practices or by obtaining coverage from an insurance company authorized to issue insurance in this state.
Grantee shall procure and maintain for the duration of the Franchise insurance against claims for injuries to persons or damages to property which may arise from or in connection with the operation of the Franchise by the Grantee, its agents, representatives, employees or subcontractors.
By the date of execution of this Franchise, the Grantee shall procure and maintain for the duration of this Franchise, insurance against claims for injuries to persons or damages to property which may arise from, or in connection with, the performance of work hereunder by the Grantee, its agents, representatives, employees and/or contractors/subcontractors.
In the event Grantee fails to provide the required executed Franchise, insurance certificate as required by Section 916.070(j) and the Bond, this Franchise shall be null and void.