What is the minimum required amount for comprehensive general liability insurance, including products and contractual coverage, 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. The minimum required amount is $30,000 per occurrence, with a $30,000 general aggregate.

In addition to this specific coverage, Boulder Designs requires franchisees to obtain and maintain several other types of insurance, including "all risk" property insurance, general commercial liability insurance, workers' compensation insurance, vehicle replacement insurance, and automobile liability coverage. The franchisor also reserves the right to require cybersecurity insurance.

Boulder Designs specifies that they must be named as an additional insured on all policies except for worker's compensation. Furthermore, all insurance policies must include a waiver of subrogation in favor of Boulder Designs and its affiliates, and a 30-day notice of cancellation directed to both the franchisee and the franchisor. The document also states that Boulder Designs has the right to modify the minimum coverages required to reflect changes such as inflation or higher damage awards.

Prospective franchisees should consult with their own insurance advisor to determine if these minimum requirements are sufficient for their business and to protect their assets. Additionally, landlords and leases may require more coverage or different types of coverage, so franchisees need to consider those requirements as well.