What is the minimum amount of commercial general liability insurance coverage required per person/per occurrence for an Anago Unit 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)
According to Anago's 2025 Franchise Disclosure Document, franchisees must maintain commercial general liability insurance coverage for their Anago Unit Franchise. The minimum required coverage is $1,000,000 per person/per occurrence for bodily injury and property damage combined. Additionally, the policy must have a general aggregate of $2,000,000.
This insurance protects both the franchisee and Anago from potential financial losses due to accidents, injuries, or property damage that may occur during the operation of the franchise. Anago must be named as an additional insured in each policy, ensuring that the franchisor is also protected under the franchisee's insurance coverage.
In addition to commercial general liability insurance, Anago franchisees are required to obtain and maintain other types of insurance, including workers' compensation insurance, automobile liability insurance, and a surety bond. The specific amounts and types of coverage may be adjusted by Anago periodically to reflect changes in circumstances such as inflation or new risks. Franchisees must provide proof of all required coverage and notify the Subfranchisor of any changes or lapses in coverage.