When is the insurance payment due for an All County franchise?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
ESTIMATED INITIAL INVESTMENT E-2 INVESTOR VISA FRANCHISE**
| INVESTMENT | AMOUNT | PAYMENT | WHEN DUE | TO WHOM PAID |
|---|---|---|---|---|
| Total | $85,950 - $117,900 | (Does not include real estat |
Source: Item 7 — Estimated Initial Investment (FDD pages 12–16)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the insurance payment, which ranges from $2,500 to $3,500, is due prior to commencing operations. The specific terms of payment will vary depending on the insurance company providing the coverage.
This means that a prospective All County franchisee must secure and pay for the required insurance coverage before they can begin operating their franchise. This is a standard practice in franchising, as it protects both the franchisee and the franchisor from potential liabilities. The insurance must include general business liability, property/casualty insurance, and workers' compensation.
All County requires franchisees to maintain specific minimum coverage levels, including $500,000 for general liability per occurrence, a $1,000,000 aggregate limit, $500,000 for professional liability (Errors and Omissions), workers' compensation as required by law, and $500,000 for vehicle liability for non-company owned automobiles. Additionally, business interruption coverage is required for loss of income, extra expenses, crime, and fraud. All policies must name All County as an additional insured.
Given that the terms vary, it is crucial for prospective franchisees to discuss insurance options and payment schedules with approved insurance companies to ensure they meet All County's requirements and can commence operations on time. Failing to secure adequate insurance coverage prior to commencing operations could delay the launch of the franchise.