What administrative fee does Bevaris Alliance charge if they procure insurance on behalf of the franchisee?

According to Bevaris Alliance's 2024 Franchise Disclosure Document, if Bevaris Alliance chooses to procure insurance on behalf of a franchisee, the franchisee must reimburse Bevaris Alliance for the premium and other out-of-pocket costs incurred. In addition to these costs, Bevaris Alliance charges an administrative fee of 10% of the insurance premium.

This means that if a franchisee's insurance premium is $1,000 and Bevaris Alliance procures the insurance, the franchisee would have to pay Bevaris Alliance $1,000 for the premium, any other out-of-pocket costs Bevaris Alliance incurred, plus an additional $100 (10% of $1,000) as an administrative fee.

It is important for prospective franchisees to understand this fee, as it can add to the overall cost of operating a Bevaris Alliance franchise. Franchisees should inquire about the typical insurance premiums and any potential out-of-pocket costs to better estimate this expense. Franchisees should also clarify with Bevaris Alliance under what circumstances they would choose to procure insurance on behalf of the franchisee.