What are the minimum required automobile liability coverage amounts for a Belocal franchisee, including coverage for owned, non-owned, and hired vehicles?

According to Belocal's 2025 Franchise Disclosure Document, franchisees are required to maintain automobile liability coverage. This coverage must include owned, non-owned, and hired vehicles. The minimum coverage amount required is $300,000 combined single limit.

This requirement ensures that Belocal franchisees have adequate financial protection in case of accidents involving vehicles used in their business operations. The combined single limit means that the $300,000 covers both bodily injury and property damage in a single incident.

Prospective franchisees should factor this insurance cost into their initial investment and ongoing operating expenses. It is also important to note that Belocal reserves the right to require higher policy limits in the future, so franchisees should be prepared for potential increases in insurance costs.