Is any portion of the insurance premiums for an Antioch Pizza Shop refundable?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
c ovens at an estimated cost of $50,000 per oven.
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- You must purchase and maintain in full force and effect, at your expense and from a company we approve of, insurance that insures both you and us and any other persons we designate by name. The required insurance coverage must commence as of the date you sign a lease. Insurance costs depend on policy limits, types of policies, nature and value of physical assets, gross revenue, number of employees, square footage, location, business contents, and other factors bearing on risk exposure. The estimate covers through the first 3 months of operation. Fees are payable as directed by your insurance provider. If you sell beer and wine, you will also need to purchase dram shop (liquor liability) insurance. The estimated cost which is not included in the estimate above is $3,000 per year. Some portion of your insurance premiums may be refundable under certain circumstances. Discuss t
Source: Item 7 — Estimated Initial Investment (FDD pages 17–24)
What This Means (2025 FDD)
According to Antioch Pizza Shop's 2025 Franchise Disclosure Document, a portion of the insurance premiums may be refundable under certain circumstances. This applies to both traditional Antioch Pizza Shop restaurants and food truck/trailer operations. The FDD advises prospective franchisees to discuss this possibility with their insurance broker or provider to understand the specific conditions that would allow for a refund.
Insurance costs for an Antioch Pizza Shop franchise depend on various factors, including policy limits, the types of policies, the nature and value of physical assets, gross revenue, the number of employees, square footage, location, and other risk exposure factors. The initial investment estimate covers the first three months of operation. Additionally, if the Antioch Pizza Shop franchisee intends to sell beer and wine, they will need to purchase dram shop (liquor liability) insurance, which is estimated to cost $3,000 per year and is not included in the initial investment estimates.
Given that the refundability of insurance premiums is conditional, it is crucial for potential Antioch Pizza Shop franchisees to proactively engage with insurance professionals. This will help them understand the specific circumstances under which a refund may be possible and to factor this potential, albeit uncertain, benefit into their financial planning. Understanding these conditions can help franchisees manage their cash flow and potentially reduce their overall operating expenses.