Which item in the 1-800-GOT-JUNK? FDD discusses insurance requirements?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Item 11 n. Insurance Item 7
15. INSURANCE
15.1 Minimum Insurance. Franchisee shall maintain in full force and effect during the Term and any Renewal Term, at its sole expense, such insurance coverages as Franchisor, in Franchisor’s sole discretion, may from time to time require, including, but not limited to: (a) commercial general liabil
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 23–24)
What This Means (2025 FDD)
According to the 2025 1-800-GOT-JUNK? Franchise Disclosure Document, Item 11 and section 15 of Item 22 discuss insurance requirements. Item 11 of the FDD includes "Insurance" in its table of contents. Item 22 details the contracts within the franchise agreement, and section 15 of this item specifically addresses the insurance obligations of the franchisee.
Item 22, section 15.1 states that the franchisee must maintain insurance coverages during the term and any renewal term at their sole expense. The specific types and amounts of coverage are determined by 1-800-GOT-JUNK? at their discretion. This includes, but is not limited to, commercial general liability insurance.
This means that as a 1-800-GOT-JUNK? franchisee, you will be responsible for securing and paying for all required insurance policies. The franchisor has the authority to change the required insurance coverages, so franchisees must be prepared to adapt their policies as needed. It is important to discuss the typical insurance requirements with 1-800-GOT-JUNK? to understand the potential costs and coverage levels needed to operate the franchise.