Where can I find the minimum amounts of required insurance coverage for Aw?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
s, uniforms and other supplies.
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- Insurance. You must purchase and maintain insurance coverage in minimum amounts we require. The required insurance is described in Item 8 of this Disclosure Document and in the Franchise Agreement. The premiums that franchisees will be charged will vary from market to market. The low estimate is for a minimum initial payment and the high estimate is for payment in full of the annual premium.
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- Miscellaneous Pre-Opening Expenses. This estimate includes the cost of building permits, business licenses, food certifications and legal and accounting fees.
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Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 16–19)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, Item 8 of the document and the Franchise Agreement contain descriptions of the required insurance. Item 7 includes an estimate for insurance costs ranging from $900 to $16,000. The premiums that franchisees will be charged will vary from market to market. The low estimate is for a minimum initial payment and the high estimate is for payment in full of the annual premium.
Prospective Aw franchisees should carefully review Item 8 and the Franchise Agreement to understand the specific types and amounts of insurance coverage Aw requires. Since the initial insurance payment can vary significantly, it's important to obtain quotes specific to your location to budget accurately. Factors influencing the premium costs include the franchisee's location and coverage specifics.
Understanding the insurance requirements is crucial for Aw franchisees to protect their business and comply with the franchise agreement. It is also important to note that the estimate provided in Item 7 is just an estimate, and the actual cost of insurance may vary. Therefore, it is recommended that prospective franchisees consult with an insurance professional to obtain accurate quotes and ensure they have adequate coverage.