What endorsement is required for Automobile Liability Insurance for a Circle K Purchaser?
Circle_K Franchise · 2025 FDDAnswer from 2025 FDD Document
t of $500,000 per occurrence and coverage in the general aggregate amount of no less than $1,000,000; (iii) Automobile Liability Insurance, covering all owned, hired or otherwise operated non-owned automobiles, for death of or injury to any one person and liabilities for loss of or damage to property resulting from any one accident with a combined single limit of not less than $1,000,000 per occurrence, including MCS 90 endorsement or other acceptable evidence of financial responsibility as
Source: Item 23 — RECEIPTS (FDD pages 100–359)
What This Means (2025 FDD)
According to Circle K's 2025 Franchise Disclosure Document, Circle K Purchasers are required to maintain Automobile Liability Insurance, covering all owned, hired, or otherwise operated non-owned automobiles, for death of or injury to any one person and liabilities for loss of or damage to property resulting from any one accident with a combined single limit of not less than $1,000,000 per occurrence.
This insurance policy must include an MCS 90 endorsement or other acceptable evidence of financial responsibility as required by the Motor Carrier Act of 1980 and the Pollution Liability Broadened Coverage endorsement. This ensures that Circle K franchisees have adequate coverage for potential liabilities arising from automobile-related incidents, including those related to pollution.
The inclusion of these specific endorsements demonstrates Circle K's emphasis on compliance with transportation regulations and environmental protection. Franchisees must ensure their insurance policies meet these requirements to avoid potential breaches of their franchise agreement and to adequately protect their business from financial risks associated with vehicle operations.