What is the minimum combined single limit for each accident for Automobile Liability Insurance that a Caring Transitions franchisee must maintain?

According to Caring Transitions's 2025 Franchise Disclosure Document, franchisees are required to maintain Automobile Liability Insurance with a minimum combined single limit of $1,000,000 for each accident. This insurance coverage must extend to owned, hired, and non-owned vehicles used in the operation of the Caring Transitions franchise.

This requirement ensures that franchisees have adequate financial protection in the event of an accident involving a vehicle used for business purposes. The $1,000,000 minimum limit is designed to cover potential liabilities for bodily injury, death, and property damage resulting from such accidents. Franchisees must secure this coverage to comply with Caring Transitions's insurance requirements and to protect their business from significant financial losses due to unforeseen incidents.

It is important for prospective Caring Transitions franchisees to factor in the cost of this insurance when evaluating the overall investment and operating expenses of the franchise. They should consult with insurance professionals to obtain quotes and understand the specific coverage details to ensure they meet the franchisor's requirements and adequately protect their business interests.