factual

What combined single limit is required for the franchisee commercial auto insurance policy for a Chatime franchise?

Q: What combined single limit is required for the franchisee commercial auto insurance policy for a Chatime franchise?

th minimums of \$1 million per occurrence, \$2 million general and products/completed Source: Item 23 — Receipts (FDD pages 58–262)

Chatime Franchise · 2025 FDD

Answer from 2025 FDD Document

th minimums of $1 million per occurrence, $2 million general and products/completed

Source: Item 23 — Receipts (FDD pages 58–262)

What This Means (2025 FDD)

According to Chatime's 2025 Franchise Disclosure Document, franchisees are required to maintain commercial auto insurance with a $1 million combined single limit. This insurance coverage is one of several that Chatime mandates for its franchisees.

This requirement means that a Chatime franchisee's commercial auto insurance policy must provide a total of $1 million in coverage for any single accident involving a company vehicle. This limit covers both bodily injury and property damage.

Franchisees should factor in the cost of this insurance when assessing the overall investment and operating expenses for a Chatime franchise. It is also important to note that some property owners may require higher levels of commercial general liability insurance or other insurance coverage under their leases.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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