What is the minimum coverage amount required for general liability insurance for a Bumble Roofing franchisee?
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 maintain several types of insurance coverage. One of these is general liability insurance, which must have a minimum coverage of $1,000,000 per occurrence and $2,000,000 in the aggregate. This means that for each individual incident, the insurance will cover up to $1,000,000, and the total coverage available over the policy period is $2,000,000.
In addition to general liability, Bumble Roofing franchisees are also required to have auto liability insurance with at least $1,000,000 coverage per accident, including hired and non-owned auto liability. They must also carry an umbrella liability policy with a minimum of $1,000,000, though $2,000,000 is recommended. Furthermore, franchisees need business personal property insurance of at least $10,000 per location, 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 business interruption insurance for a minimum of 12 months equal to 12 months' financial obligations to Bumble Roofing and all others.
Bumble Roofing franchisees are responsible for procuring and maintaining all these insurance policies at their own expense. They must also obtain any other insurance required by state or federal law, including unemployment insurance. The franchisor can adjust these insurance requirements periodically, as detailed in the Operations Manual, so franchisees need to stay updated on any changes to ensure they remain compliant. Failing to maintain the required insurance coverage could result in a breach of the franchise agreement.