What is the minimum combined single limit per occurrence for Garage Liability Insurance coverage required for an Aplus franchise that conducts motor vehicle service or repairs?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
ion and hold harmless provisions of Section 2.16, subject to the Commercial General Liability Policy's standard terms and conditions.
- (2) WORKERS' COMPENSATION (COVERAGE A) AND EMPLOYER'S LIABILITY (COVERAGE B) INSURANCE
Coverage A – Statutory Limits
Coverage B - Limits of at least:
$500,000 Each Accident
$500,000 Disease-Policy Limit
$500,000 Disease-Each Employee
- (3) EXCESS LIABILITY INSURANCE coverage with minimum limits of at least $500,000 per occurrence in excess of the coverages described in subsections (1), 2(b), and (4).
- (4) ALL RISK PROPERTY INSURANCE coverage for the replacement cost value of all Sunoco's property described in Section 2.01, includi
Source: Item 23 — RECEIPT (FDD pages 68–302)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, if a franchisee conducts motor vehicle service or repairs at the premises, they must maintain Garage Liability Insurance coverage for bodily injury and property damage. The minimum limit for this coverage is $500,000 combined single limit per occurrence.
In addition to Garage Liability Insurance, Aplus franchisees who conduct motor vehicle service or repairs must also have Garagekeepers Legal Liability Insurance with minimum limits of $100,000 per occurrence and Automobile Liability Insurance with minimum limits of at least $500,000 combined single limit per occurrence.
Aplus requires that Sunoco be included as an additional insured and loss payee on all insurance policies. The franchisor also retains the right to increase the minimum liability protection requirement annually to reflect inflation, changes in liability standards, future damage awards, or other relevant changes in circumstances.