What is the maximum deductible permitted for the all-risks coverage insurance on the Business Location for a Byrider franchise?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
otherwise relating to the business or the Business Location, provided that the required amounts herein may be modified from time to time by the Company to reflect inflation or further experience with claims;
- (2) State Required Worker's Compensation and Employer's Liability Insurance for the employees of the Franchisee's Business;
- (3) Unemployment Insurance for the employees of the Franc
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, franchisees are required to maintain all-risks coverage insurance on their Business Location. This insurance must cover the full repair and replacement value of machinery, equipment, improvements, and betterments.
Byrider permits a deductible for this all-risks coverage, but it cannot exceed $50,000. This means that in the event of a covered loss, the franchisee would be responsible for paying up to $50,000 before the insurance coverage kicks in to cover the remaining costs.
It is important for prospective Byrider franchisees to factor this deductible into their operating budget and ensure they have sufficient funds available to cover this amount in case of a loss. Franchisees should also carefully review the terms and conditions of their insurance policy to understand what types of losses are covered and any exclusions that may apply.