What is the minimum amount of liability insurance a B Bops franchisee must maintain?
B_Bops Franchise · 2025 FDDAnswer from 2025 FDD Document
- (i) Insurance coverage. You will be required to maintain property insurance in the minimum amount of the full replacement valve of the premises and equipment, liability insurance in the minimum amount of $2,000,000 and workers compensation insurance as required by the laws of the applicable jurisdiction.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 21–23)
What This Means (2025 FDD)
According to B Bops's 2025 Franchise Disclosure Document, franchisees are required to maintain certain insurance coverages. Specifically, B Bops requires franchisees to have property insurance in an amount equal to the full replacement value of the premises and equipment.
In addition to property insurance, B Bops franchisees must also maintain liability insurance with a minimum coverage of $2,000,000. This protects both the franchisee and the franchisor from potential lawsuits and financial losses resulting from accidents or injuries occurring on the premises.
Finally, franchisees are obligated to secure workers' compensation insurance as mandated by the laws of the jurisdiction in which they operate. This coverage is essential to protect employees in the event of work-related injuries or illnesses, and to ensure compliance with local regulations.