What is the minimum amount of Commercial General Liability Insurance coverage required per occurrence for a Casiola franchise?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
siness.
Minimum Insurance Requirements
- (a) Commercial General Liability Insurance for bodily injury, death, or third party property damage, including the following coverage: (i) premises and operations; (ii) liquor liability; (iii) independent contractors; (iv) contractual liability; (v) products and completed operations; (vi) advertising / personal injury and; (vii) innkeeper's and safe deposit box liability in an amount not less than $1,000,000 per occurrence and in the annual aggregate.
- (b) Automobile Liability Insurance including all owned, non-owned, and hired vehicles used in conjunction with the services provided by Franchisee with a combined single limit of not less than $1,000,000 each occurrence.
- (c) Workers' Compensation Insurance that complies with the applicable laws governing the Franchise and all employees, subcontractors, and agents working for the Franchisee and Employers' Liability Insurance for not less than $500,000 per accident.
(d) All other insurance that we require in the Manuals or that is required by law.
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 20–24)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, franchisees must maintain Commercial General Liability Insurance with a minimum coverage of $1,000,000 per occurrence. This insurance covers bodily injury, death, or third-party property damage, and includes coverage for premises and operations, liquor liability, independent contractors, contractual liability, products and completed operations, advertising/personal injury, and innkeeper's and safe deposit box liability.
In addition to the per occurrence coverage, the Commercial General Liability Insurance must also have an annual aggregate coverage of not less than $1,000,000. Casiola also requires Automobile Liability Insurance with a combined single limit of not less than $1,000,000 each occurrence, covering all owned, non-owned, and hired vehicles used in conjunction with the services provided by the franchisee.
Furthermore, Casiola franchisees must maintain Workers' Compensation Insurance that complies with applicable laws, as well as Employers' Liability Insurance for not less than $500,000 per accident. Franchisees are also required to obtain any other insurance that Casiola requires in its manuals or that is required by law. It is important for prospective franchisees to consult with their insurance representative to determine the level of coverage necessary for their Casiola business.