What factors determine the cost of insurance coverage for an All Team franchise?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
particular suppliers.
In addition to the purchases or leases described above, you must buy and maintain, at your own expense, insurance coverage that we require and to meet the other insurance-related obligations, all of which are described in detail in Section VIII.H in the Franchise Agreement. The cost of coverage will vary depending on the insurance carrier's charges, terms of payment and your history. All insurance policies must name our entity as an additional insured party.
ITEM 9. FRANCHISEE'S OBLIGATIONS
**This table lists your principal obligations under the franchise and other agreements.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 15–16)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the cost of insurance coverage for a franchisee can vary based on a few factors. The primary drivers are the insurance carrier's charges, the terms of payment, and the franchisee's history. Additionally, the location of the All Team agency can significantly impact the cost of worker's compensation insurance, which is a major component of the overall insurance expenses.
All Team franchisees are required to buy and maintain specific insurance coverage, as detailed in the Franchise Agreement. These policies must name All Team as an additional insured party. The franchisee is responsible for covering these insurance expenses. All Team also retains the right to increase the required types and amounts of insurance coverage at its discretion, which could further affect costs.
Prospective franchisees should consult with insurance advisors to determine the necessary level of coverage and to obtain accurate cost estimates based on their specific circumstances and location. Understanding these factors is crucial for budgeting and financial planning when considering an All Team franchise.