What is the minimum workers' compensation insurance required for a Crave franchise?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
nts and employees; and it must be provided on an Additional Insured Grantor of Franchise Endorsement form CG2029 (or an endorsement form with comparable wording acceptable to us).
- 12.2.2 Insurance must be underwritten by insurers licensed and permitted to write coverage in the state in which the Franchised Business is located. These policies must include the coverage that we require, which currently includes: (a) "all risk" or "special" property insurance covering all real and personal property and equipment on a replacement costs basis, including business interruption and extra expense insurance on an actual loss sustained basis; (b) comprehensive general liability insurance, including products and completed operations in an amount of not less than the following combined single limits: Two Million Dollars ($2,000,000) per occurrence, Two Million Dollars ($2,000,000) personal and advertising injury, Two Million Dollars ($2,000,000) completed operations/products aggregate, Two Million Dollars ($2,000,000) aggregate per location; (c) employment practices liability coverage with a limit of One Hundred Thousand Dollars ($100,000) per occurrence and in the aggregate; (d) commercial automobile liability coverage, including coverage of owned, non-owned, rented or hired vehicles with coverage in amounts not less than One Million Dollars ($1,000,000) combined single limit; and (e) workers' compensation insurance for statutory limits and employer's liability insurance in amounts not less than One Million Dollars ($1,000,000) per accident, One Million Dollars ($1,000,000) each employee per disease and On
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, franchisees are required to maintain workers' compensation insurance for statutory limits and employer's liability insurance. This employer's liability insurance must be in amounts not less than $1,000,000 per accident, $1,000,000 for each employee per disease, and $1,000,000 policy limit per disease.
This means that a Crave franchisee must secure a workers' compensation policy that complies with the minimum requirements set by the state where the franchise is located. Additionally, they must obtain employer's liability insurance that provides at least $1,000,000 of coverage for each accident and for each employee in the event of a disease, with a $1,000,000 limit on the total policy coverage for disease-related claims.
Crave also requires that all insurance be underwritten by insurers licensed and permitted to write coverage in the state in which the Franchised Business is located. Franchisees must also provide Crave with certificates of insurance evidencing the existence and continuation of proper coverage with limits not less than those required. Crave Franchising, LLC may modify the insurance minimum coverage requirements which may include an increase to the minimum coverage requirements to reflect changes in inflation or as market conditions warrant.