What is the minimum amount of professional liability insurance required per occurrence for a Beauty Bungalows franchise?

According to Beauty Bungalows' 2025 Franchise Disclosure Document, franchisees must maintain professional liability insurance at all times in an amount not less than $1,000,000 per occurrence. This insurance is required to protect the Beauty Bungalows franchise against all professionally related claims.

This requirement means that a Beauty Bungalows franchisee needs to secure a professional liability insurance policy that provides at least $1,000,000 of coverage for each individual incident or claim made against the business. This coverage is crucial for protecting the franchisee's business and personal assets in the event of a lawsuit or claim arising from the professional services offered at the Beauty Bungalows location.

Furthermore, if the renters operating within the Beauty Bungalows franchise have operations that are excluded from the standard professional liability policy, the franchisee is responsible for ensuring that these excluded operations are covered under a separate insurance policy. This highlights the importance of carefully reviewing the terms and conditions of the professional liability insurance policy and understanding any exclusions that may apply to the services offered by renters within the franchise. Franchisees should consult with an insurance professional to ensure they have adequate coverage for all potential risks associated with their business operations.