Under what circumstances will Bumble Roofing secure insurance on my behalf?
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, Bumble Roofing may secure insurance on your behalf if you fail to meet your insurance obligations as defined in your Franchise Agreement. If this occurs, you must reimburse Bumble Roofing for the cost of the insurance, plus a 10% fee, and any accrued interest. This remedy is in addition to any other remedies Bumble Roofing may pursue.
This means that as a Bumble Roofing franchisee, you are responsible for maintaining the required insurance coverage. If you fail to do so, Bumble Roofing has the right to step in and obtain the necessary insurance to protect their interests and the interests of the brand. However, this comes at a cost to you, as you will be responsible for reimbursing Bumble Roofing for the full cost of the insurance, plus an additional 10% fee and interest.
It is important for prospective franchisees to carefully review the insurance requirements outlined in the Franchise Agreement to ensure they understand their obligations and avoid the potential for Bumble Roofing to secure insurance on their behalf and pass the costs on to them. Maintaining adequate insurance coverage is a standard requirement in franchising, as it protects both the franchisee and the franchisor from potential liabilities and financial losses.