What insurance is a Bumble Roofing franchisee required to purchase and maintain?
Bumble_Roofing Franchise · 2025 FDDAnswer from 2025 FDD Document
ior written notice to you.
You are also required to purchase and maintain the insurance that we describe in the Operations Manual which may be adjusted periodically. Currently, you must procure and maintain, at your own expense, (a) general liability insurance with coverage of at least $1,000,000 per occurrence and $2,000,000 in the aggregate, (b) auto liability insurance with at least $1,000,000 each accident, and hired and nonowned auto liability with at least $1,000,000 in coverage, (c) an umbrella liability with a minimum of $1,000,000 and recommended $2,000,000 in coverage, (d) business personal property insurance in the amount of at least $10,000 per location, (e) workers compensation insurance of at least $1,000,000 for bodily injury caused by accident and $1,000,000 for bodily injury by disease, and (f) business interruption insurance for a minimum of 12 months equal to 12 months' financial obligations to us and all others. You must also procure and maintain all other insurance required by state or federal law, includ
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 27–29)
What This Means (2025 FDD)
According to Bumble Roofing's 2025 Franchise Disclosure Document, franchisees must acquire and maintain several types of insurance coverage. The specific details of these requirements are outlined in the Operations Manual, which Bumble Roofing may adjust periodically.
Specifically, franchisees must maintain general liability insurance with a minimum coverage of $1,000,000 per occurrence and $2,000,000 in the aggregate. They also need auto liability insurance with at least $1,000,000 coverage for each accident, including hired and non-owned auto liability coverage of at least $1,000,000. An umbrella liability policy with a minimum of $1,000,000 and a recommended coverage of $2,000,000 is also required.
In addition to liability coverage, Bumble Roofing franchisees must secure business personal property insurance of at least $10,000 per location. Workers' compensation insurance is mandated with coverage of at least $1,000,000 for bodily injury caused by accident and $1,000,000 for bodily injury by disease. Furthermore, franchisees must have business interruption insurance for a minimum of 12 months, covering financial obligations to Bumble Roofing and other parties. Finally, franchisees are responsible for procuring and maintaining all other insurance required by state or federal law, including unemployment insurance. Prospective franchisees should carefully review the Operations Manual and consult with an insurance professional to ensure they meet all of Bumble Roofing's insurance requirements.