What is the minimum amount of liability insurance a B Bops franchisee must carry?

According to B Bops's 2025 Franchise Disclosure Document, franchisees are required to maintain certain insurance coverages. Specifically, B Bops requires franchisees to carry liability insurance with a minimum coverage amount of $2,000,000. Additionally, franchisees must secure property insurance to cover the full replacement value of the premises and equipment. They are also obligated to obtain workers' compensation insurance in compliance with the laws of the jurisdiction where they operate.

This insurance requirement is a standard practice in franchising, designed to protect both the franchisee and the franchisor from potential financial losses due to unforeseen events such as accidents, property damage, or employee injuries. The specified minimum coverage of $2,000,000 for liability insurance ensures that B Bops franchisees can adequately address claims arising from bodily injury or property damage caused by their business operations.

Prospective B Bops franchisees should factor these insurance costs into their initial investment and ongoing operating expenses. It is important to consult with an insurance professional to obtain appropriate coverage that meets the franchisor's requirements and adequately protects the franchisee's business interests. Failing to maintain the required insurance coverage could result in a breach of the franchise agreement and potential termination of the franchise.