What additional insurance coverages are recommended, but not required, for a Byrider franchise?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
s than $1,000,000 per occurrence.
Byrider Franchising Partners also recommends, but does not require, that you purchase an umbrella policy in the amount of $1,000,000 over and above all liability coverage.
It is further recommended that you carry vehicle Title Errors and Omissions Coverage, Federal Odometer Coverage, Equal Credit Opportunity Act and Deceptive Sales Practices Coverage in the amo
Source: Item 8 — Restrictions on Sources of Products and Services (FDD pages 36–40)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, there are two recommended, but not required, insurance coverages for franchisees. First, Byrider Franchising Partners recommends franchisees purchase an umbrella policy with a $1,000,000 limit, which would provide additional coverage beyond the required liability insurance.
Second, Byrider suggests that franchisees carry vehicle Title Errors and Omissions Coverage, Federal Odometer Coverage, Equal Credit Opportunity Act, and Deceptive Sales Practices Coverage. The recommended amount for each of these policies is $1,000,000.
While these coverages are not mandatory, Byrider franchisees should carefully consider the potential benefits of these additional policies in protecting their business from various risks and liabilities. Franchisees should discuss these recommendations with their insurance provider to determine the appropriate level of coverage for their specific circumstances.