Can Amorino modify the insurance minimum coverage requirements?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
ium costs and costs of acquiring the insurance. Each year Amorino may unilaterally modify the insurance minimum coverage requirements which may include an increase to the minimum coverage requirements to reflect changes in inflation or as market conditions warrant.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, Amorino has the unilateral right to modify the minimum insurance coverage requirements for franchisees. These modifications may include increasing the minimum policy limits. Amorino will provide written notice to the franchisee of any such changes.
This means that as an Amorino franchisee, you must maintain the required insurance coverage at your own expense throughout the term of the agreement. Amorino can increase these minimum coverage requirements, potentially leading to higher insurance premiums for the franchisee. The franchisee is obligated to comply with these changes upon receiving written notice.
It is important for a prospective Amorino franchisee to factor in the potential for increased insurance costs when evaluating the financial feasibility of the franchise. Franchisees should discuss with Amorino how frequently these insurance requirements have been modified in the past and what factors might trigger future increases to better anticipate potential cost increases.