factual

Where will any modifications to the insurance requirements for Bumper Man franchisees be described?

Bumper_Man Franchise · 2025 FDD

Answer from 2025 FDD Document

We reserve the right to modify the insurance requirements at any time, and any such modifications will be described in the Manual.

Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 18–20)

What This Means (2025 FDD)

According to Bumper Man's 2025 Franchise Disclosure Document, any modifications to the insurance requirements for franchisees will be described in the Manual. Bumper Man requires franchisees to obtain specific insurance policies, including Garage Liability Insurance with a $1,000,000 minimum limit, Garage Keepers Insurance with a $50,000 limit per vehicle, and Commercial Vehicle Insurance with a $500,000 combined single limit.

It is important for prospective franchisees to understand that Bumper Man reserves the right to modify these insurance requirements at any time. This means that the initial insurance costs and coverage levels could change during the term of the franchise agreement. Franchisees should regularly consult the Manual for any updates to these requirements to ensure they remain compliant.

Staying informed about insurance modifications is crucial, as failure to meet the updated requirements could result in a breach of the franchise agreement. Prospective franchisees should inquire about the frequency and nature of potential insurance modifications during their due diligence process to better prepare for potential changes in operating costs.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.