What is the estimated range for insurance costs for an All Team agency?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
INITIAL INVESTMENT
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Franchise Fee | $42,500 | Lump sum | At time of signing Franchise Agreement | Us |
| Leasehold improvements (if needed) Note 1 | $0 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the estimated initial investment for insurance ranges from $4,000 to $7,000. This cost is expected to be paid as a lump sum to insurance companies prior to opening the All Team agency.
Note 5 in Item 7 of the FDD clarifies that the cost of insurance, particularly worker's compensation, can vary significantly based on the agency's location. The listed amount represents the deposit required to secure the insurance coverage. This implies that the total insurance premium could be higher, and the franchisee may need to budget for ongoing insurance payments beyond this initial deposit.
Prospective All Team franchisees should investigate insurance costs in their specific location to obtain a more accurate estimate. Factors influencing insurance costs may include the number of employees, the type of services offered by the agency, and local regulations. It would be prudent to consult with insurance brokers to understand the specific insurance requirements and associated costs for operating an All Team franchise in their chosen territory.