What is the estimated cost range for insurance for a Bumper Man franchise?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| To Whom | ||
|---|---|---|
| Type of | Method of | |
| Amount | When Due | Payment is to |
| Expenditure | Payment | be Made |
| $50,000 | Lump sum Upon signing Franchise Agreement | Us |
| Initial Franchise Fee | ||
| (1) | ||
| $15,000 - $40,000 | As arranged Monthly payments over the life of the finance contract unless purchased outright (see note 5) | Lender, Dealership or Seller |
| Truck with Tonneau | ||
| Cover or Camper | ||
| Shell (2) | ||
| Computer $750 - $1,500 | As arranged As arranged | Vendor |
| Hardware, Software | ||
| (3) | ||
| $2,000 - $4,000 | As incurred As arranged | Transportation, Service, and Lodging Providers |
| Training-related | ||
| Expenses (4) | ||
| Telephone and $75 - $300 | As incurred Monthly | Vendors |
| Mobile Phone | ||
| $1,700 - $3,000 | As arranged As arranged; | Insurance |
| before opening | Broker |
Source: Item 6 — OTHER FEES (FDD pages 12–15)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, franchisees can expect to pay between $1,700 and $3,000 for insurance. This cost is arranged with a broker and is due before opening the Bumper Man franchise location.
Insurance costs are a standard expense for any business, and this range provides a potential Bumper Man franchisee with an estimate to factor into their initial investment and operating budget. The specific cost will likely depend on factors such as the franchisee's location, coverage levels, and the insurance provider selected.
It is important for prospective franchisees to obtain quotes from multiple insurance brokers to ensure they are receiving competitive rates and adequate coverage for their Bumper Man business. Understanding the specific insurance requirements outlined by Bumper Man is also crucial to avoid any gaps in coverage that could lead to financial losses.