What Disclosure Document Item covers the insurance obligations of a Deer Solution franchisee?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Note 11: Insurance Deposits – Three Months – You are required to maintain certain insurance coverage. Your actual payments for insurance and the timing of those payments will be determined based on your agreement with your insurance company and agent. This estimate is for the cost of an initial deposit to obtain the minimum r
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD page 28)
What This Means (2025 FDD)
According to the 2025 Deer Solution Franchise Disclosure Document, Item 7 addresses the insurance obligations of a franchisee. Specifically, Note 11 within Item 7 mentions insurance deposits.
This note indicates that Deer Solution franchisees are required to maintain certain insurance coverage. The exact cost and timing of insurance payments will depend on the agreement the franchisee makes with their insurance company and agent.
The estimated initial deposit for insurance coverage is for three months. It is important for prospective franchisees to factor in these ongoing insurance expenses when evaluating the overall cost of investing in a Deer Solution franchise.