What is the minimum personal advertising injury limit required for Comprehensive or Commercial General Liability Insurance for a Buona franchise?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
ty damage, including Premises and Operations, Independent Contractors, Products and Completed Operations, Personal Injury, Contractual, and Broad Form Property Damage Liability coverages, to be obtained by the date the Approved Location has been determined, with limits as follows:
Occurrence/Aggregate Limit of $1,000,000 for bodily injury, death and property damage each occurrence and $2,000,000 for general aggregate; $2,000,000 for Products/Completed operations in the aggregate, $1,000,000 each occurrence; and $1,000,000 personal advertising injury.
(d) Comprehensive Automobile Liability Insurance, if applicable, covering owned, non-owned and hired vehicles, to be obtained prior to the use of any vehicles in the operation of
the Franchised Business, with limits as follows:
Combined Single Limit of $1,000,000 for bodily injury, death and property damage per occurrence or Split liability limits of:
- $500,000 for bodily injury per person
- $500,000 for bodily injury per occurrence
- $250,000 for property damage;
- (e) Liquor Liability Insurance (if the Franchised Business will sell alcoholic beverages) with limits of $1,000.000 each common cause and $2,000,000 in the aggregate; to be obtained prio
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
According to Buona's 2025 Franchise Disclosure Document, franchisees must maintain Comprehensive or Commercial General Liability Insurance. This insurance must cover claims for bodily injury, death, and property damage, including various liabilities. The minimum personal advertising injury limit required is $1,000,000 per occurrence.
This requirement means that a Buona franchisee needs to secure an insurance policy that specifically includes personal and advertising injury coverage with a limit of at least $1,000,000 for each incident. This coverage protects the franchisee from potential financial losses resulting from claims related to advertising injuries, such as libel, slander, copyright infringement, or other similar issues.
It is important for prospective Buona franchisees to factor in the cost of this insurance coverage when evaluating the overall investment and operational expenses of the franchise. Additionally, franchisees must ensure that the insurance policy meets all the requirements specified by Buona, including being written by an insurance company satisfactory to the franchisor and providing the franchisor with necessary documentation and notice of any changes to the policy.