What is the estimated range for insurance costs for an All Team franchise?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF EXPENDITURE | AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|
| Insurance | $4,000 - $7,000 | Lump sum | Prior to Opening | Insurance companies |
| (Note 5) |
Note 5 – Insurance. The cost of insurance, especially the worker's compensation component can vary widely depending on the location of your Agency. This amount listed in the chart represent the deposit you will need to pay in order to obtain the insurance.
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 paid as a lump sum prior to opening the All Team franchise and is paid to insurance companies. The FDD notes that the cost of insurance, particularly worker's compensation, can vary significantly based on the location of the agency. The amount listed represents the deposit required to obtain the insurance.
Prospective All Team franchisees should consider that this is just an initial deposit. The total cost of insurance over time could be substantially higher, depending on factors like the number of employees, the specific services offered, and the location of the business. It is important to shop around and compare quotes from multiple insurance providers to secure the best possible rates.
Given the variability in insurance costs, it would be prudent for potential All Team franchisees to conduct thorough research and consult with insurance professionals to obtain accurate estimates for their specific location and business circumstances. Understanding the full scope of insurance expenses is crucial for effective financial planning and ensuring the long-term viability of the franchise.