What is the high estimate for insurance for a Benjamin Franklin Plumbing franchise?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
Insurance cost will vary based on where your Franchised Business will be located, your prior experience with the insurance carrier, the loss experience of the carrier, and other factors.
You should check with your insurance agent or broker regarding any additional insurance that you may wish to carry above our stated minimums.
See Item 8 for more information regarding our insurance requirements.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–37)
What This Means (2025 FDD)
According to the 2025 Benjamin Franklin Plumbing FDD, the cost of insurance will vary depending on several factors. These factors include the location of the franchise, the franchisee's prior experience with the insurance carrier, and the loss experience of the carrier itself.
Because these factors vary so widely, the FDD does not provide a specific high estimate for insurance costs. Instead, it advises prospective franchisees to consult with their insurance agent or broker to determine the appropriate level of coverage and associated costs for their specific circumstances.
Prospective franchisees should carefully consider these factors and obtain detailed insurance quotes to accurately assess their potential initial investment and ongoing operating expenses for a Benjamin Franklin Plumbing franchise.