What is the minimum 'Per Occurrence Limit' required for the General Liability insurance coverage 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 ar
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 with a minimum coverage of $1,000,000 per person/per occurrence for bodily injury and property damage. Additionally, the policy must include a general aggregate of $2,000,000 and name Anago as an additional insured.
This insurance requirement protects both the franchisee and Anago from potential financial losses due to accidents, injuries, or property damage that may occur during the course of business operations. By requiring this level of coverage, Anago aims to mitigate risks associated with liability claims and ensure that franchisees can meet their financial obligations in the event of an incident.
It is important to note that Anago may periodically adjust the required amounts of coverage or require different or additional kinds of insurance to reflect changes in circumstances such as inflation, new risks, or changes in laws. Franchisees are responsible for staying informed about any changes to the insurance requirements and ensuring that their coverage remains compliant. Franchisees must also ensure that their insurance policies are written by a company with a "Best" rating of "A" or better.
Furthermore, franchisees are responsible for paying all deductibles should a claim arise. Anago also has the right to participate in discussions with the franchisee's insurance company regarding any claim and may offer recommendations for settlement. Franchisees should carefully review the insurance requirements outlined in the Franchise Agreement and consult with an insurance professional to ensure they obtain adequate coverage.