factual

What is the maximum deductible or self-insured retention amount an Angry Chickz franchisee can have without Company approval?

Angry_Chickz Franchise · 2025 FDD

Answer from 2025 FDD Document

ilege that Franchisee or any other person may assert. At Company's request, Franchisee shall contribute a reasonable amount toward the cost of the Intranet's maintenance, as imposed from time to time by Company. Such contribution shall be established by Company annually and shall be payable within 30 days of demand.

  • 7.10 Insurance. Franchisee shall obtain and maintain at all times during the Term insurance coverage in the types and the minimum amounts of coverage set forth in the Manual(s). The current insurance requirements are set forth in attached Exhibit G. Each policy of insurance shall designate Company and its designated Affiliates as additional named insureds. All policies shall include a waiver of any rights of subrogation that Franchisee and its insurer(s) might otherwise have against Company and its Affiliates. Any deductibles or self-insured retentions in excess of $5,000 must be approved by Company, such approval not to be unreasonably withheld. In the event of damage to the Franchised Business, the proceeds of insurance shall be used to restore the Franchised Business to its original condition as soon as possible, unless Company has otherwise consented in writing to another use of the insurance proceeds. All insurance policies will be issued by a company or companies with a minimum A.M. Best's rating of A- at policy inception, and authorized to do business in the state in which the Franchised Business is located. Prior to opening the Franchised Business, and thereafter at Company's request, Franchisee shall provide Company certificates of insurance naming Company and its designated Affiliates as

additional named insureds (or the sole beneficiary in the case of life insurance). In addition, the certificates shall contain a provision requiring 30 days prior written notice to Company of any proposed cancellation, modificat

Source: Item 22 — CONTRACTS (FDD page 54)

What This Means (2025 FDD)

According to the 2025 Angry Chickz Franchise Disclosure Document, franchisees must maintain insurance coverage during the term of the agreement, adhering to the types and minimum amounts specified in the manuals. Angry Chickz requires that they be named as an additional insured on these policies.

Specifically, an Angry Chickz franchisee can have a deductible or self-insured retention up to $5,000 without needing approval from Angry Chickz. However, any amount exceeding $5,000 requires the company's approval, which Angry Chickz states will not be unreasonably withheld.

All insurance policies must be issued by companies with a minimum A.M. Best's rating of A- at the policy's inception and authorized to conduct business in the state where the franchised business is located. Franchisees must provide certificates of insurance to Angry Chickz before opening and at any time upon request.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.