What is the minimum comprehensive per occurrence limit for automobile liability insurance on non-owned vehicles required by Craters & Freighters?

According to Craters & Freighters' 2025 Franchise Disclosure Document, franchisees are required to maintain automobile liability insurance with a minimum limit of $1,000,000 comprehensive per occurrence. This coverage applies to all hired, owned, and non-owned vehicles used in the operation of the Craters & Freighters business.

This requirement ensures that the Craters & Freighters franchisee has adequate financial protection in the event of an accident involving a vehicle used for business purposes, regardless of whether the vehicle is owned by the franchisee, hired, or non-owned. The $1,000,000 limit is a comprehensive amount, meaning it covers all liabilities arising from a single occurrence.

It is important for prospective Craters & Freighters franchisees to factor in the cost of this insurance coverage when evaluating the overall investment and operating expenses of the franchise. While this is the minimum requirement, Craters & Freighters strongly recommends consulting with a licensed insurance agent or broker to determine if additional coverage is necessary for their specific business needs. Franchisees should also confirm whether Craters & Freighters has designated insurance suppliers from whom these policies must be purchased.