What is the minimum amount of insurance coverage currently required for all lines of insurance for an Aerus franchise?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
ays must be maintained in good order and repair.
Insurance
You must obtain and maintain the amounts and types of insurance that we specify in the Manuals in connection with the operation of a Franchised Business. We currently require a minimum of $1,000,000 in coverage for all lines of insurance. The Manuals will be made available to you prior to signing the Franchise Agreement. We may periodically increase the amounts of coverage required under these insurance policies and/or require different or additional insurance coverage (including reasonable excess liability insurance) at any time to reflect inflation, identification of new risks, changes in law or standards of liability, higher damage awards or other relevant changes in circumstances. These insurance policies must name us and any affiliates we designate as
additional named insureds and provide for 30 days' prior written notice to u
Source: Item 8 — Restrictions on Sources of Products and Services (FDD pages 29–33)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, franchisees must secure and maintain insurance coverage as specified in the manuals. Currently, Aerus requires a minimum of $1,000,000 in coverage for all lines of insurance. These manuals will be provided to prospective franchisees before they sign the Franchise Agreement.
Aerus retains the right to periodically increase the required coverage amounts or mandate different or additional insurance coverage. This may be due to factors such as inflation, the identification of new risks, changes in laws or liability standards, or higher damage awards. This flexibility allows Aerus to adapt to changing circumstances and ensure adequate protection for both the franchisee and the franchisor.
The insurance policies must name Aerus and any designated affiliates as additional named insureds. Furthermore, the policies must provide Aerus with 30 days' prior written notice of any material modification, cancellation, or expiration. This ensures that Aerus is informed of any changes to the insurance coverage and can take appropriate action to maintain adequate protection.