Where can I find information regarding Budget's Personal Accident Insurance?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Licensee agrees to accept reservations, abide by all terms and rates and maintain the availability of Vehicles for rent to such National Accounts.
Licensee will service such National Accounts in the same manner as is required in this Agreement for other customers of Licensee or to provide such higher level of service for the National Account customers as required by the Standards, including maintaining and sharing with the Network information about the National Account and National Account customers.
Subject to the provisions of Paragraph 9.15, Licensee agrees to comply with all of the terms and conditions of all National Account programs, as Budget may establish and modify, including rebates, damage waivers and liability insurance coverage.
Source: Item 23 — RECEIPTS (FDD pages 80–426)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, details regarding insurance requirements are found within Paragraph 9.4. As a franchisee, you are obligated to maintain insurance coverage in the minimum amounts and with carriers approved by Budget. These requirements may also be outlined in the Standards provided by Budget.
Budget requires franchisees to provide an annual certificate of insurance, naming Budget and its affiliates as additional insured parties. The insurance provider must also waive any subrogation rights against Budget. This protects Budget from potential liabilities related to the franchisee's operations.
Budget retains the right to adjust the required insurance amounts and types to reflect factors such as inflation, changes in liability standards, increased damage claims, the franchisee's claims history, or other relevant circumstances. Additionally, Budget may receive administrative fees or commissions for endorsing specific insurance carriers or programs related to supplemental liability and related insurance offered to rental customers. While the document mentions liability insurance coverage in the context of National Account programs, it does not specifically detail Personal Accident Insurance. A prospective franchisee should ask Budget directly about Personal Accident Insurance requirements.