Does Bevaris Alliance charge insurance fees?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
| RESPONSIBILITIES OF BEVARIS ALLIANCE FRANCHISEE | AND STAFF8 | | Responsibilities to Customers ◀8 | | Responsibilities to Your Associates ◀8 | | Responsibilities to the Franchisor ◀9 | | Responsibilities to Other Franchisees ◀9 | | VISITS FROM THE CORPORATE OFFICE10 | | PAYING OTHER FEES11 | | Annual Meeting ◀11 | | Transfer Fee ◀11 | | Renewal Fee ◀11 | | Late Payment Fee 411 | | Interest <11 | | Management Fee ◀12 | | Technology Fee ◀12 | | Costs and Attorneys' Fees ◀12 | | Insurance Fees ◀12 | | Technology Maintenance and Upgrades ◀12 | | Mystery Shopper Fee ◀12 | | Indemnification ◀13
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 Bevaris Alliance Franchise Disclosure Document, franchisees may be responsible for insurance fees. Specifically, the table of contents includes a line item for "Insurance Fees" under the broader category of "PAYING OTHER FEES." This suggests that franchisees can expect to incur costs related to insurance as part of their operational expenses.
Prospective franchisees should carefully review the full franchise agreement and related documents to understand the specific types of insurance required, the amounts of coverage mandated, and the approved providers from which they must obtain insurance. Understanding these requirements is crucial for accurately estimating the total investment and ongoing operational costs associated with a Bevaris Alliance franchise.
It is also important to clarify with Bevaris Alliance whether these insurance fees are paid directly by the franchisee or collected by the franchisor. Franchisees should also inquire about any potential changes to insurance requirements or fees during the term of the franchise agreement.