factual

What is the minimum combined single limit required for the comprehensive automobile liability insurance that Angry Chickz franchisees must maintain?

Angry_Chickz Franchise · 2025 FDD

Answer from 2025 FDD Document

fixtures, equipment, and stock (real and personal property);

  • comprehensive automobile liability insurance, including owned, non-owned and hired car coverage providing third party liability insurance, covering all licensed vehicles owned or operated by or on your behalf, with limits of liability not less than $1,000,000 comb

Source: Item 23 — RECEIPTS (FDD pages 54–260)

What This Means (2025 FDD)

According to Angry Chickz's 2025 Franchise Disclosure Document, franchisees are required to maintain comprehensive automobile liability insurance with a minimum combined single limit of $1,000,000 for both bodily injury and property damage. This insurance must cover all licensed vehicles that are either owned or operated by the franchisee or on their behalf, providing third-party liability protection.

This requirement ensures that Angry Chickz franchisees have adequate financial protection in the event of an automobile accident involving their business operations. The $1,000,000 combined single limit means that this amount covers both bodily injury and property damage claims arising from a single incident.

Franchisees should verify that their insurance policies meet these minimum requirements to comply with the franchise agreement. Failure to maintain the required insurance coverage could result in a breach of the agreement and potential penalties. It is also important to understand the specific terms and conditions of the insurance policies to ensure adequate protection for the business.

Maintaining adequate insurance coverage is a standard practice in franchising, as it protects both the franchisee and the franchisor from potential liabilities. The specific coverage amounts and types may vary depending on the nature of the business and the industry, but the goal is always to mitigate financial risks associated with business operations.

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.