What is the minimum Automobile coverage required for Deka Lash franchisees?

According to Deka Lash's 2024 Franchise Disclosure Document, franchisees must maintain automobile insurance coverage of $1,000,000 for all owned, non-owned, and hired vehicles. This coverage includes protection for uninsured and underinsured motorists, bodily injury, and property damage. Additionally, the policy must include statutory personal injury protection as required by the individual state's laws.

This requirement ensures that Deka Lash franchisees are adequately protected against potential liabilities arising from vehicle-related incidents. The $1,000,000 coverage limit provides a substantial financial safety net in case of accidents involving bodily injury or property damage, safeguarding the franchisee's business and personal assets. The inclusion of uninsured and underinsured motorist coverage is particularly important, as it protects the franchisee even when the at-fault party lacks sufficient insurance.

The stipulation to include statutory personal injury protection based on individual state requirements highlights the importance of understanding and complying with local regulations. Franchisees must ensure that their insurance policies are tailored to meet the specific legal requirements of the state in which they operate. This may involve consulting with an insurance professional to ensure full compliance.

Furthermore, Deka Lash requires that the insurance policies be written by an insurance company with an A.M. Best rating of "A" or better. This requirement ensures that the insurance provider is financially stable and capable of fulfilling its obligations in the event of a claim. Franchisees must also name DL Franchising, LLC, and its affiliates as additional insured parties on the policies, providing an additional layer of protection for the franchisor. Certificates of insurance must be provided to Deka Lash upon the annual expiration date of the policies.