What is the minimum amount of commercial general liability insurance coverage a Baya Bar franchisee must maintain per occurrence?

According to Baya Bar's 2024 Franchise Disclosure Document, franchisees must secure commercial general liability insurance with a minimum coverage of $1,000,000 per occurrence. This insurance must include public liability, personal injury, advertising injury, and products liability coverage. Additionally, the policy must have an aggregate coverage of $2,000,000.

This requirement ensures that Baya Bar franchisees have adequate financial protection against potential liabilities arising from their business operations. These liabilities could stem from incidents occurring on the premises, injuries sustained by customers, or claims related to advertising or products sold. By maintaining this level of coverage, franchisees can mitigate the risk of significant financial losses due to lawsuits or other claims.

Baya Bar also requires that the franchisor, its officers, directors, partners, owners, employees, and affiliates are named as additional insureds on these policies. This protects Baya Bar from liabilities arising from the franchisee's operations. The franchisor also retains the right to increase the minimum insurance requirements or add additional types of insurance as deemed necessary. Franchisees must provide proof of coverage to Baya Bar and adhere to any changes in insurance requirements within thirty days of notification.