Does Cool Binz specify minimum policy limits for insurance coverage?

According to the 2025 Cool Binz Franchise Disclosure Document, Cool Binz specifies minimum policy limits for certain types of insurance coverage. As a Cool Binz franchisee, you are responsible for securing and maintaining the required insurance. Cool Binz also provides guidelines regarding pricing, but franchisees are ultimately responsible for setting their own prices, though Cool Binz will provide recommendations.

This means that prospective Cool Binz franchisees must obtain insurance policies that meet the minimum coverage levels mandated by Cool Binz. It is important to understand these minimums to budget for insurance costs accurately. Franchisees should carefully review Section 7.C of the Franchise Agreement, as referenced in Item 11, to fully understand the insurance requirements.

While Cool Binz sets the minimum policy limits, the franchisee is responsible for obtaining the insurance and setting their own prices for services. This arrangement is typical in franchising, where the franchisor sets standards and the franchisee manages the day-to-day operations, including risk management and pricing strategies.