Can Bens Soft Pretzels change the required coverages and policy limits for all franchisees?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
you and your Store. We may from time to time modify the required minimum limits and require additional insurance coverages by providing written notice
to you, as conditions require, to reflect changes in relevant circumstances, industry standards, experiences in the BEN'S SOFT PRETZELS system, standards of liability and higher damage awards. If you will operate a Mobile Store, you must also maintain the insurance coverages we require for the vehicle. Although we do not do so as of the date of this Disclosure Document, we reserve the right to designate a single source from which you must purchase or renew insurance.
If you operate a Mobile Store, the vehicle must conform to our specifications as set for in the Manual or otherwise in writing including, but not limited to, model, make, age, appearance (including any wrapping or other branding), equipment, fixtures, cleanliness, display of the Marks, maintenance and repair and notice of your ownership and operation of the vehicle.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 18–22)
What This Means (2025 FDD)
According to Bens Soft Pretzels's 2025 Franchise Disclosure Document, Bens Soft Pretzels can modify the required minimum insurance limits and require additional insurance coverages. Bens Soft Pretzels will provide written notice to franchisees when these changes occur. These modifications will reflect changes in relevant circumstances, industry standards, experiences within the Bens Soft Pretzels system, standards of liability, and higher damage awards.
This means that as a franchisee, you must stay informed of any changes to the insurance requirements and ensure your coverage complies with the latest standards set by Bens Soft Pretzels. Failure to maintain the required insurance coverage allows Bens Soft Pretzels to procure insurance on your behalf and charge you for the costs, including a reasonable fee for their expenses.
It is important for prospective franchisees to consult with an insurance professional to determine the appropriate level of coverage needed for their specific circumstances, in addition to the minimum requirements set by Bens Soft Pretzels. While Bens Soft Pretzels specifies certain insurance coverage, they do not guarantee that this coverage will be adequate to fully protect your assets.