What is the minimum property damage liability coverage required for automobile liability for a Canine Dimensions franchise?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
, which includes product / completed operations insurance and an endorsement specifically covering cyber liability risks;
- 12.2.2 automobile liability for any vehicles used in the operation of the Franchised Business with minimum liability coverage (split limit) of Two Hundred Fifty Thousand Dollars ($250,000) per
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, franchisees must maintain automobile liability insurance for any vehicles used in the operation of their franchise. This insurance must include a minimum liability coverage (split limit) of $250,000 per person and $500,000 per accident. Additionally, the policy must provide at least $100,000 in property damage coverage.
This requirement ensures that Canine Dimensions franchisees have adequate financial protection in the event of an accident involving a vehicle used for business purposes. The split limit coverage addresses both individual injuries and overall accident costs, while the property damage coverage specifically covers damages to vehicles or other property.
Prospective franchisees should factor the cost of this insurance coverage into their initial investment and ongoing operating expenses. It is important to obtain quotes from multiple insurance providers to ensure competitive rates and adequate coverage. Franchisees must also ensure that the insurance company providing the coverage is satisfactory to Canine Dimensions, and that the policy meets all the specifications outlined in the franchise agreement and operations manual.