What is the minimum amount of property insurance a B Bops franchisee must maintain, based on?

According to B Bops's 2025 Franchise Disclosure Document, franchisees are required to maintain certain insurance coverages. Specifically, B Bops requires property insurance in the minimum amount of the full replacement value of the premises and equipment. This means a franchisee must insure their restaurant location and all its contents for the cost to completely rebuild or replace everything if it were destroyed.

In addition to property insurance, B Bops franchisees must also maintain liability insurance with a minimum coverage of $2,000,000. This protects the franchisee against potential lawsuits or claims arising from accidents or injuries on the property. Furthermore, franchisees are obligated to secure workers' compensation insurance as mandated by the laws of the jurisdiction in which they operate. This covers medical expenses and lost wages for employees who suffer work-related injuries or illnesses.

The insurance requirements are put in place by B Bops to protect both the franchisee and the franchisor from potential financial losses due to unforeseen events. Franchisees should consult with an insurance professional to determine the appropriate level of coverage needed to meet these requirements and adequately protect their investment. Failing to maintain the required insurance coverage could result in a breach of the franchise agreement and potential termination of the franchise.