Besides the insurance policies specified by Craters & Freighters, what other insurance is a franchisee required to procure?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee must also procure and pay for all other insurance required by state or federal law, including, without limitation, workers' compensation and unemployment insurance.
Source: Item 22 — CONTRACTS (FDD pages 49–50)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, franchisees must obtain and maintain specific insurance policies as outlined in the Operations Manuals. These policies must be secured within 30 days of signing the franchise agreement or before opening the business, whichever comes first.
In addition to the insurance coverage detailed in the Operations Manuals, Craters & Freighters franchisees are also required to procure and pay for any other insurance mandated by state or federal law. This explicitly includes, but is not limited to, workers' compensation and unemployment insurance.
This requirement ensures that Craters & Freighters franchisees comply with all applicable legal requirements regarding insurance, providing protection for employees and the business itself. Franchisees should consult with insurance professionals to determine the specific state and federal insurance requirements applicable to their location and business operations.