What is the minimum general aggregate amount required for general commercial liability insurance for a Boulder Designs franchise?

According to Boulder Designs's 2025 Franchise Disclosure Document, franchisees must maintain general commercial liability insurance with a minimum general aggregate of $2,000,000. This insurance coverage is intended to protect both the franchisee and Boulder Designs from potential liabilities arising from the operation of the business.

In addition to the general aggregate limit, the FDD specifies that the general commercial liability insurance must have a per occurrence limit of not less than $1,000,000. Boulder Designs also requires franchisees to secure other types of insurance, including property insurance, comprehensive general liability insurance, workers' compensation insurance, vehicle replacement insurance, and automobile liability coverage. These requirements are put in place to ensure that franchisees have sufficient coverage for various risks associated with running the business.

Boulder Designs retains the right to modify these minimum insurance requirements to reflect changes in inflation, liability standards, damage awards, and other relevant circumstances. Franchisees are advised to consult with their own insurance advisors to determine if the minimum coverages are appropriate and sufficient for their specific business needs and to protect their assets. Furthermore, landlords and lease agreements may impose additional or different insurance requirements, adding another layer of complexity to the insurance obligations of a Boulder Designs franchisee.