What is the minimum Garage Liability insurance limit per occurrence that a Byrider franchisee must maintain?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
in and, to the extent the Company deems necessary, to control any such litigation or proceeding.
ARTICLE XII
INSURANCE
12.1 Required Insurance. To standardize insurance and to afford the Franchisee, the Company and the Franchisee's customers protection against insurable risks, the
Company imposes and prescribes minimum standards and limits for certain types of insurance coverage required to be purchased by the Franchisee.
- A. The Franchisee shall purchase at its sole expense and maintain in effect at all times during the Term the greater of the insurance coverage required by the landlord for the Business Location or the following categories of insurance coverage through licensed and admitted insurance companies acceptable to the Company:
- (1) Garage Liability insurance with $1,000,000 limit per occurrence with products and completed operations coverage included. Coverage must also include $1,000,000 for Hired Autos and Non-Owned Autos liability. Coverage must also include a Broadened Garage endorsement for Personal and Advertising liability. Franchisee sha
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, franchisees must maintain Garage Liability insurance with a $1,000,000 limit per occurrence. This coverage must include products and completed operations.
The insurance policy must also include $1,000,000 coverage for Hired Autos and Non-Owned Autos liability. Additionally, the policy must have a Broadened Garage endorsement for Personal and Advertising liability.
Byrider franchisees are required to insure Byrider against all claims, suits, obligations, liabilities, and damages, including attorney's fees, arising from personal injuries or property damage related to the business or Business Location. It is important to note that Byrider may modify these required insurance amounts periodically to reflect inflation or claims experience.