What is the minimum amount of Employers' Liability Insurance required per accident for a Casiola franchise?

According to Casiola's 2024 Franchise Disclosure Document, franchisees must maintain Employers' Liability Insurance with a minimum coverage of $500,000 per accident. This insurance is in addition to Workers' Compensation Insurance, which must comply with the applicable laws governing the franchise and cover all employees, subcontractors, and agents working for the franchisee.

The requirement to carry both Workers' Compensation and Employers' Liability Insurance is a standard practice in franchising to protect both the franchisee and the franchisor from potential liabilities arising from workplace accidents or injuries. Workers' Compensation typically covers medical expenses and lost wages for employees injured on the job, while Employers' Liability Insurance provides coverage for lawsuits filed by employees against the employer for negligence or other related claims.

Casiola franchisees should consult with their insurance carrier to determine the appropriate level of coverage necessary for their specific business operations, taking into account factors such as the number of employees, the nature of the work performed, and any specific risks associated with the business. It is important to ensure that the insurance policies are written by a responsible carrier, reasonably acceptable to Casiola, and that Casiola is named as an additional insured on all policies, excluding workers' compensation. Franchisees must also provide Casiola with a certificate of insurance at the earlier of 90 days after the Effective Date of the Franchise Agreement or prior to the commencement of the initial training program.