When is the Anago insurance premium due?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee 1 | Amount | Due Date 2 | Remarks |
|---|---|---|---|
| Supplier Testing Fee | Reimbursement of our reasonable costs of the inspection and the actual cost of the testing. | Immediately upon receipt of invoice. | If you propose to purchase or lease any equipment, supplies, advertising materials, or other products or services from an unapproved supplier, you must first submit to us a written request for approval, or request the supplier to do so itself. We have the right to require, as a condition of our approval, that our representatives be permitted to inspect the supplier's facilities, and that samples from the supplier be |
| Audit | Varies | Immediately upon receipt of invoice. | If an audit by us discloses an understatement of Gross Revenues in excess of 2% for any period or periods, you will be required to reimburse us for all costs of the audit in addition to paying past due Royalties, Advertising Fees (when imposed) plus any late |
| Insurance | Actual cost to maintain your insurance policy (Insurance Premium) | Monthly on the 20 th day of each month. | You are required to be covered under the Anago National Insurance program during the entire Term. This will be paid to us or our designee. You will pay the actual cost to maintain your insurance policy (Insurance Premium). Premiums for any such insurance plans are determined by the insurance carrier, and may vary by state, may change from year to year, and are based on your experience modifier and other factors as determined by the insurance carrier. The plans may be subject to change, modification, and/or cancellation. You are responsible for payment of all deductibles, should a claim arise. |
Source: Item 6 — OTHER FEES (FDD pages 12–19)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, franchisees are required to maintain an insurance policy under the Anago National Insurance program throughout the entire term of their agreement. The insurance premium, representing the actual cost to maintain this policy, is due monthly on the 20th day of each month. This payment is made either to Anago or their designated representative.
The FDD specifies that the premiums for these insurance plans are determined by the insurance carrier and can vary by state. These premiums may also change from year to year, depending on factors such as the franchisee's experience modifier and other criteria set by the insurance carrier. It is important to note that the insurance plans themselves are subject to change, modification, or even cancellation.
As an Anago franchisee, you are responsible for paying all deductibles should a claim arise. This means that in the event of an incident covered by the insurance policy, you will need to cover the deductible amount before the insurance coverage kicks in. Therefore, prospective franchisees should carefully consider the potential costs of insurance premiums and deductibles when evaluating the financial aspects of investing in an Anago franchise.