What is the minimum aggregate limit required for comprehensive general liability insurance for a Deck Medic franchise?

According to Deck Medic's 2024 Franchise Disclosure Document, franchisees must maintain comprehensive general liability insurance with specific coverage limits. This insurance must be written on an occurrence basis and extended to include contractual liability, products and completed operations, and personal and advertising injury.

The policy must have a combined bodily injury and property damage limit of at least $1,000,000 per occurrence. Additionally, the policy must have an aggregate limit of at least $2,000,000. This means that for each individual incident, the insurance will cover up to $1,000,000, and the total amount the insurance company will pay out over the policy period is capped at $2,000,000.

Deck Medic also requires additional insurance coverage, including commercial umbrella liability insurance with a total liability limit of at least $2,500,000, business automobile insurance, worker's compensation insurance, and employment practices liability insurance. Franchisees must ensure they obtain adequate coverage to meet Deck Medic's requirements and should consult with their insurance carrier to determine appropriate levels based on their specific circumstances and potential risks.