What are the minimum general liability coverage limits required for a Chatime franchise, including per occurrence and aggregate amounts?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
ments, and Franchisee must comply with the updated coverage standard. Some property owners may require higher levels of commercial general liability insurance or other insurance coverage under their leases.
We currently require that you maintain the following insurance coverages:
- (a) general liability coverage w
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 specific minimum insurance coverages. The general liability coverage must have minimums of $1 million per occurrence and $2 million in general and products/completed operations aggregate.
In addition to the per occurrence and aggregate limits, the general liability coverage must also include $1 million for personal/advertising injury, $50,000 for rented premises damage, and $5,000 for medical expenses. These coverages protect Chatime franchisees from a variety of potential liabilities, including customer injuries, property damage, and advertising-related claims.
Chatime franchisees should consult with an insurance professional to ensure they obtain the required coverage and understand the terms and conditions of their policies. It's also important to note that some property owners may require higher levels of commercial general liability insurance, so franchisees should review their lease agreements carefully.