What is the minimum limit for Employers' liability insurance required for an Amerispec Inspection Services franchise?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
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Insurance. You must insure your Franchised Business with coverage, types, and amounts that we specify in the Operations Manual or otherwise in writing. You cannot begin offering services to the public unless you are adequately insured. Our present insurance requirements are:
- (a) Employers' liability with a minimum limit of $500,000 in workers' compensation and other statutory required programs;
- (b) Commercial general liability insurance covering the operation of your Franchised Business with a limit of at least $1,000,000;
- (c) Business automobile insurance for hired, owned and non-owned or any auto with a minimum limit of liability of $1,000,000 for both bodily injury and property damage;
- (d) Errors and omissions with a minimum limit of liability of $1,000,000; and
- (e) Additional insur
Source: Item 8 — Restrictions on Sources of Products and Services (FDD pages 20–22)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, franchisees must maintain Employers' liability insurance with a minimum limit of $500,000. This insurance covers workers' compensation and other statutory required programs. This requirement is part of a broader set of insurance obligations that Amerispec Inspection Services imposes on its franchisees to protect the business and brand.
In addition to Employers' liability insurance, Amerispec Inspection Services requires franchisees to carry commercial general liability insurance with a limit of at least $1,000,000, business automobile insurance with a minimum limit of $1,000,000 for both bodily injury and property damage, and errors and omissions insurance with a minimum limit of liability of $1,000,000. Franchisees must also list Amerispec Inspection Services and its affiliates as additional insured on all policies. These insurance requirements are subject to change, and franchisees are responsible for meeting any new requirements.
Amerispec Inspection Services also has the right to obtain insurance coverage on behalf of a franchisee if they fail to maintain the required coverage or provide satisfactory evidence of coverage. The franchisee would then be responsible for paying the premiums incurred by Amerispec Inspection Services. This provision ensures that all franchisees maintain adequate insurance, protecting both the franchisee and the Amerispec Inspection Services brand from potential liabilities.