What is the coverage limit for Theft of Customer Property (from other than insured) under the insurance requirements for an Anago franchise?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
, home address and telephone number within 10 days of the change. You release Us and Our officers, directors, stockholders, agents and legal successors and assigns from all causes of action, suits, debts, covenants, agreements, damages, judgments, claims and demands, in law or in equity, that You ever had, now have, or that You later may have from Our disclosure of Your name, home address and telephone number.
ARTICLE 9 - INSURANCE
SECTION 9.1 TYPES AND AMOUNTS OF COVERAGE.
You must obtain and maintain insurance, covering Your Anago Unit Franchise, at Your expense, as We require, in addition to all other insurance that may be required by applicable law, Your landlord, lender or otherwise. You are responsible for payment of all deductibles, should a claim arise. All policies must be written by an insurance company reasonably satisfactory to Us with a best rating of "A" or better, and must include at a minimum:
- (a) Commercial general liability insurance and completed operations coverage in the amount of $1,000,000 per person/per occurrence for bodily injury and property damage combined with a general aggregate of $2,000,000, and naming Us as an additional insured in each policy;
- (b) Workers' compensation insurance in acc
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
Based on the 2025 FDD, the insurance requirements for Anago franchisees do not specifically list a coverage limit for "Theft of Customer Property (from other than insured)." However, the document does outline several mandatory insurance coverages that franchisees must maintain.
Anago requires franchisees to obtain and maintain various insurance policies, including commercial general liability insurance ($1,000,000 per person/per occurrence with a $2,000,000 general aggregate), workers' compensation insurance ($500,000 per employee), and automobile liability insurance ($100,000/$300,000). Additionally, Anago may require franchisees to obtain a surety bond of $50,000 and "all other insurance, and in the amounts, We reasonably require for Our and Your protection."
Prospective Anago franchisees should clarify with Anago what specific insurance coverages are required to protect against theft of customer property, including the required coverage amounts. It would be prudent to discuss this with an insurance broker experienced in franchise insurance to ensure adequate protection is in place, as well as to confirm whether the Anago National Insurance program provides sufficient coverage or if additional policies are needed.