How many pages are dedicated to 'Insurance Requirements' in the Bumper Man directives?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
| DIRECTIVE # | TITLE | No. Of Pages |
|---|---|---|
| 32Ra | Insurance Requirements | 1 |
| 33Ra | Bumper Man Franchise Advisory Council | 1 |
| 34 | Reporting Accidents and Incidents in the Field | 3 |
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man FDD, Directive #32Ra, titled 'Insurance Requirements,' consists of one page. This directive is part of a larger set of written directives related to the Bumper Man system, which the franchisor may periodically amend or revise. These directives are crucial for franchisees as they outline the standards, requirements, and procedures for operating a Bumper Man franchise.
Prospective franchisees should carefully review this directive to understand the specific insurance obligations, as failure to comply with these requirements could result in a breach of the franchise agreement. Understanding the insurance requirements is essential for managing risk and protecting the business.
Beyond the directives, Exhibit E to the Franchise Agreement also details specific insurance requirements, including Garage Liability Insurance with a $1,000,000 minimum per occurrence policy limit, Garage Keepers Insurance with a $50,000 limit per vehicle, and Commercial Vehicle Insurance with a $500,000 combined single policy limit. All insurance policies must be issued by carriers with an A.M. Best Rating of A+ or better. Franchisees must provide evidence of insurance coverage to Bumper Man at least two weeks prior to the Commencement Date and 30 days before any policy's expiration.
It is important for prospective franchisees to consult with an insurance professional to ensure they obtain the necessary coverage and understand the terms and conditions of their policies. Franchisees should also be aware of their acknowledgement that the coverages required by Bumper Man are the minimum amounts and that they are responsible for determining if additional coverage is necessary.