What is the estimated time period covered by the insurance premium costs for a Beehive Homes franchise?

According to Beehive Homes' 2025 Franchise Disclosure Document, the estimated insurance premium costs cover the first six months of operation. This includes general commercial liability, professional liability (including sexual assault and molestation), property and casualty, and workers' compensation insurance. The estimated cost for this six-month period ranges from $13,600 to $15,600.

For a prospective Beehive Homes franchisee, this means they should budget between $13,600 and $15,600 for their initial six months of insurance coverage. It is important to note that these are merely estimates, and actual costs may vary depending on factors such as the specific location of the Beehive Homes franchise and the chosen insurance providers. Franchisees will need to secure their own insurance policies and pay the premiums to third-party insurers.

Typical franchise agreements often require franchisees to maintain certain insurance coverages, and Beehive Homes is no different. The FDD highlights the importance of budgeting for these costs upfront. It is crucial for potential franchisees to obtain quotes from multiple insurance providers to ensure they secure the best possible rates and coverage for their Beehive Homes location. Understanding the specific insurance requirements and budgeting accordingly is a key step in the initial setup process.