What minimum limit of Excess Liability Insurance coverage is required per occurrence for an Aplus franchise?

According to Aplus's 2024 Franchise Disclosure Document, franchisees must maintain Excess Liability Insurance coverage with minimum limits of at least $500,000 per occurrence. This coverage is in excess of the coverages described in subsections (1), 2(b), and (4), which include Commercial General Liability Insurance, Workers' Compensation and Employer's Liability Insurance, and All Risk Property Insurance.

However, the document also states that this Excess Liability coverage may be waived if the franchisee carries $1,500,000 in General Liability coverage. This provides an alternative for franchisees who prefer to have higher general liability coverage instead of the excess liability coverage.

It's important to note that Aplus has the right to reasonably increase the minimum liability protection requirement annually to reflect inflation, changes in standards of liability, future damage awards, or other relevant changes in circumstances. Franchisees must ensure their policies are written by an insurance company licensed in the state in which they operate and have at least an "A-" Rating Classification as indicated in the latest issue of A.M. Best's Key Rating Guide. Franchisees must also include Sunoco as an additional insured and loss payee on all insurance policies.