What is the minimum amount of comprehensive general liability insurance required per occurrence for a Boulder Designs franchise?

According to Boulder Designs' 2025 Franchise Disclosure Document, franchisees must maintain comprehensive general liability insurance, including products and contractual coverage, with a minimum of $30,000 per occurrence and a $30,000 general aggregate. This insurance coverage is one of several types of insurance Boulder Designs requires franchisees to obtain and maintain at their own expense.

In addition to comprehensive general liability insurance, Boulder Designs also mandates other insurance policies, such as general commercial liability insurance of not less than $1,000,000 per occurrence with a $2,000,000 general aggregate. They also require worker's compensation insurance, vehicle replacement insurance, and automobile liability coverage. Boulder Designs must be named as an additional insured on all policies except worker's compensation, and all policies must include a waiver of subrogation and a 30-day cancellation notice to both the franchisee and Boulder Designs.

Boulder Designs retains the right to modify these minimum insurance requirements to reflect factors like inflation or changes in liability standards. The FDD advises prospective franchisees to consult with their own insurance advisors to determine if these minimums are sufficient for their specific business needs and to protect their assets. Furthermore, a franchisee's landlord or lease agreement may stipulate higher or different coverage requirements.

It is important for potential Boulder Designs franchisees to carefully review the insurance requirements outlined in Item 8 of the FDD and to discuss these requirements with both the franchisor and an insurance professional to ensure they have adequate coverage. Failing to maintain the required insurance coverage could result in a breach of the franchise agreement.