What are the minimum general liability insurance limits required for an Azal Coffee franchise, specifically regarding bodily injury?

According to Azal Coffee's 2024 Franchise Disclosure Document, franchisees must maintain comprehensive general liability insurance. This insurance must have limits of at least $1,000,000 per person per occurrence. Additionally, there is an aggregate limit of $2,000,000 specifically for bodily injury claims. Franchisees must also secure at least $50,000 for property damage per occurrence.

These insurance requirements are designed to protect both the franchisee and Azal Coffee from potential financial losses due to accidents or injuries occurring on the premises. The per-person and aggregate limits for bodily injury coverage ensure that there is sufficient coverage to compensate individuals who may be injured at the Azal Coffee location. The property damage coverage protects against costs associated with damage to the physical property of others.

It is important for prospective Azal Coffee franchisees to factor in the cost of these insurance policies when evaluating the overall investment required to start and operate the franchise. Failing to maintain the required insurance coverage could result in a breach of the franchise agreement and potential termination of the franchise. Franchisees should consult with an insurance professional to obtain appropriate coverage that meets Azal Coffee's requirements and adequately protects their business interests.