What rating must the insurer have for the insurance policies required by Amorino?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) Such policy or policies shall: (a) be written by insurer(s) licensed and admitted to write coverage in the state in which the Franchised Business is located and with a rating of "A" or better as set forth in the most recent edition of Best's Key Rating Guide; (b) name Amorino and its Affiliates, and their partners, officers, subsidiaries, Affiliates, shareholders, directors, regional directors, agents, and employees as additional insureds on a primary noncontributory basis to the general liability policy and the auto liability policy, (c) the additional insured coverage must be provided on an Additional Insured Grantor of Franchise Endorsement form CG2029 (or an endorsement form with comparable wording acceptable to
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, franchisees must secure insurance policies from insurers with a specific financial strength rating. The insurance provider must be licensed and admitted to write coverage in the state where the franchised business operates. Furthermore, the insurer must have a rating of "A" or better, as determined by the most recent edition of Best's Key Rating Guide.
This requirement ensures that Amorino franchisees are working with reputable and financially stable insurance companies. This protects both the franchisee and Amorino from potential losses or liabilities. Best's Key Rating Guide is a widely recognized standard in the insurance industry, providing an independent assessment of an insurer's financial strength and ability to meet its ongoing obligations to policyholders.
It is important to note that Amorino may modify these insurance requirements, including increasing minimum policy limits. Franchisees should maintain open communication with Amorino and their insurance providers to ensure they remain compliant with all current insurance obligations throughout the term of their franchise agreement.