What section of the Budget License Agreement discusses the franchisee's obligations regarding insurance?

According to Budget's 2025 Franchise Disclosure Document, a franchisee's obligations regarding insurance are detailed in Section 9.4 of the Budget License Agreement. Additionally, insurance requirements are further outlined in II, XVII, and XVIII of the Intercity Rules and Regulations.

Budget requires franchisees to maintain specific types and minimum amounts of insurance coverage. These include Fleet Insurance with a minimum of $100,000 / $300,000 for bodily injury and $50,000 per occurrence for property damage (or as required by local law), Lessor’s / Owner’s Excess Liability Insurance with $1,000,000 combined single limit per occurrence, and General Liability Insurance also with $1,000,000 combined single limits.

It is important for prospective Budget franchisees to carefully review Section 9.4 of the Budget License Agreement and the referenced sections of the Intercity Rules and Regulations to fully understand the required insurance coverages, policy limits, and any other specific conditions or obligations related to insurance. Franchisees must maintain these insurance policies to protect both their business and the Budget brand from potential liabilities.