What happens if I fail to meet my insurance obligations as a Bumble Roofing franchisee?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Insurance | Amount paid by us to secure insurance to fulfil your insurance obligations. | As incurred | You must reimburse us for the cost plus 10% plus interest for any amounts we pay on your behalf due to your failure to meet the insurance obligations as defined in your Franchise Agreement. This remedy is cumulative to all other remedies. |
Source: Item 6 — OTHER FEES (FDD pages 19–24)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, if a franchisee fails to meet their insurance obligations as defined in the Franchise Agreement, Bumble Roofing has the right to secure the necessary insurance coverage. The franchisee is then responsible for reimbursing Bumble Roofing for the cost of the insurance, plus a 10% fee, and any accrued interest. This reimbursement is due as soon as Bumble Roofing incurs the cost.
This remedy is in addition to any other remedies Bumble Roofing may pursue under the Franchise Agreement. This means that Bumble Roofing can take multiple actions simultaneously to address the franchisee's failure to maintain adequate insurance.
It is important for prospective Bumble Roofing franchisees to understand the specific insurance requirements outlined in the Franchise Agreement and to ensure they can consistently meet these obligations to avoid incurring additional costs and potential penalties. Franchisees should clarify with Bumble Roofing what specific insurance policies are required, the coverage amounts, and any other relevant details to ensure full compliance.