What are the minimum coverage limits for comprehensive general liability insurance required for a Bang Cookies franchise, including bodily injury and property damage?

According to Bang Cookies' 2024 Franchise Disclosure Document, franchisees must maintain comprehensive general liability insurance with specific minimum coverage limits. This insurance must be written on an occurrence basis and extended to include contractual liability, products and completed operations, and personal and advertising injury.

The minimum coverage required is $1,000,000 per occurrence for combined bodily injury and property damage, and $2,000,000 in the aggregate. This means that for any single incident, the insurance must cover up to $1,000,000 in damages, and the total coverage available over the policy period is $2,000,000.

In addition to comprehensive general liability insurance, Bang Cookies franchisees are required to obtain other types of insurance, including coverage for property damage, workers' compensation, business interruption, commercial umbrella liability, cyber insurance, and employment practices liability. Franchisees should consult with their insurance carrier to determine the appropriate level of coverage needed for their specific business, as higher exposures may require higher limits. Bang Cookies also requires that they, their officers, directors, shareholders, partners, agents, representatives, and independent contractors be named as additional insureds on all insurance policies (excluding workers' compensation).