factual

What is the minimum professional liability coverage per incident required for a Canine Dimensions franchise?

Canine_Dimensions Franchise · 2025 FDD

Answer from 2025 FDD Document

other insurance as may be required by statute or rule in the state in which Fr

Source: Item 22 — CONTRACTS (FDD page 36)

What This Means (2025 FDD)

According to Canine Dimensions' 2025 Franchise Disclosure Document, franchisees must maintain professional liability insurance coverage of at least $25,000 per incident. This insurance protects both the franchisee and Canine Dimensions against claims arising from professional services provided by the franchise.

In addition to professional liability coverage, Canine Dimensions franchisees are required to maintain several other types of insurance, including comprehensive general liability coverage of $1,000,000 per occurrence and $2,000,000 in aggregate, automobile liability coverage with minimum limits of $250,000 per person, $500,000 per accident, and $100,000 for property damage, and an umbrella liability insurance policy with $2,000,000 coverage. They must also have employer's liability insurance of $1,000,000 per incident and worker's compensation insurance.

It is important for prospective Canine Dimensions franchisees to understand these insurance requirements and factor the costs of these policies into their business plan. Franchisees must secure these policies no later than 15 days before starting operations. Furthermore, Canine Dimensions must be named as an additional insured on the franchisee's policies. Franchisees should consult with an insurance professional to ensure they obtain adequate coverage to meet these requirements and protect their business.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.