What is the minimum required limit per occurrence for Garage Liability Insurance that a Byrider franchisee must maintain, including products and completed operations coverage?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
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You must purchase at your expense and maintain in effect at all times the greater of the insurance coverage by the landlord for the franchised location or the following categories of insurance coverage through licensed and admitted insurance companies acceptable to Byrider Franchising Partners:
- (i) Garage Liability Insurance: $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. You must insure Byrider Franchising Partners against all claims, suits, obligations, liabilities and damages, including attorneys' fees, based upon or arising out of the actual or alleged personal injuries or property damage resulting from or occurring in the course of, or on or about or otherwise relating to your Business or the Business Location. Byrider Franchising Partners may modify the required amounts from time to time to reflect inflation
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, franchisees must maintain Garage Liability Insurance with a minimum limit of $1,000,000 per occurrence. This coverage must include products and completed operations. Additionally, the coverage must include $1,000,000 for Hired Autos and Non-Owned Autos liability and a Broadened Garage endorsement for Personal and Advertising liability.
Byrider requires this insurance to protect both the franchisee and Byrider Franchising Partners from claims, suits, obligations, liabilities, and damages, including attorney's fees, arising from personal injuries or property damage related to the franchisee's business or business location. Byrider Franchising Partners must be insured against all claims. This requirement ensures that franchisees have adequate financial protection against potential liabilities associated with operating a Byrider franchise.
It is important to note that Byrider Franchising Partners may modify the required insurance amounts periodically to reflect inflation or claims experience. Franchisees must ensure they maintain the required coverage limits at all times, using insurance companies acceptable to Byrider. Franchisees must also name Byrider Franchising Partners and its affiliates as additional insureds and provide them with at least 30 days' written notice of any changes to the policy, such as reductions in limits or cancellation.