On what is the insurance estimate for a Clear Pest Pros franchise based?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
These estimates are based on a franchisee operating in one Territory, and without consideration of National Account work.
See Item 8 of this Disclosure Document for more information regarding our insurance requirements.
Your vehicle lease may require higher limits or additional coverages.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 28–32)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, the insurance estimate is based on operating in one territory without considering National Account work. The FDD indicates in Item 7 that franchisees must procure and maintain liability and other insurance policies for their vans and Clear Pest Pros business from approved vendors, as detailed in the Franchise Agreement and Item 8 of the FDD.
The estimated initial investment table shows that insurance costs range from $3,120 to $6,240, payable annually before opening the business. This payment is made to insurance companies. The FDD also notes that vehicle leases may require higher limits or additional coverages, which could affect the overall insurance costs.
Prospective franchisees should carefully review Item 8 of the FDD and the Franchise Agreement to understand the specific insurance requirements, coverage levels, and approved vendors. They should also consider potential variations in insurance costs based on their specific vehicle lease terms and operational scope.