What is the minimum required amount for Commercial General Liability Insurance per occurrence and in the annual aggregate for a Casiola franchise?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
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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 Insura
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 specific coverage amounts. This insurance must cover bodily injury, death, or third-party property damage, including 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.
The minimum required coverage for Commercial General Liability Insurance is $1,000,000 per occurrence and $1,000,000 in the annual aggregate. In addition to this, Casiola franchisees are required to maintain Automobile Liability Insurance with a combined single limit of not less than $1,000,000 each occurrence, and Workers' Compensation Insurance that complies with applicable laws, including Employer's Liability Insurance for not less than $500,000 per accident.
Casiola also requires that all insurance policies, except for workers' compensation, name Casiola, its officers, directors, shareholders, partners, agents, representatives, and independent contractors as additional insureds. The insurance policies must also include a provision that the insurance carrier provide Casiola with at least 30 days' prior written notice in the event of any material alteration or cancellation of the policy. Franchisees must furnish a certificate of insurance to Casiola at the earlier of 90 days after the Effective Date of the Franchise Agreement or before the start of the initial training program. Franchisees should consult with their insurance carrier to determine the level of coverage necessary for their Casiola franchised business.