What is the minimum required amount for comprehensive general liability insurance per occurrence and general aggregate for a Boulder Designs franchise?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
ined by similar businesses in your general area to cover, at a minimum, all assets including inventory, furniture, fixtures, equipment, supplies and other property used in the
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
According to Boulder Designs' 2025 Franchise Disclosure Document, franchisees must maintain comprehensive general liability insurance. This insurance must include coverage for products and contractual liabilities. The minimum coverage required is $30,000 per occurrence and $30,000 for the general aggregate.
In addition to comprehensive general liability insurance, Boulder Designs franchisees are required to maintain other types of insurance coverage. These include "all risk" property insurance, general commercial liability insurance, workers' compensation insurance, vehicle replacement insurance, and automobile liability coverage. The specific amounts and terms for these other insurance types are also detailed in the FDD.
Boulder Designs retains the right to modify the minimum liability protection requirements annually to account for inflation, changes in liability standards, future damage awards, or other relevant changes. Franchisees must also name Boulder Designs as an additional insured on all insurance policies, waive any right to claim against Boulder Designs, and provide 30 days' notice for any policy cancellations or material changes. Certificates of coverage must be provided to Boulder Designs at least annually. Failure to provide these certificates allows Boulder Designs to purchase insurance on behalf of the franchisee, with the franchisee responsible for reimbursing all expenses and premiums.