What is the minimum employer's liability limits of protection required for Deka Lash franchisees?

According to Deka Lash's 2024 Franchise Disclosure Document, franchisees must maintain workers' compensation and employer's liability insurance. Specifically, Deka Lash requires a minimum of $500,000 of employer's liability limits of protection. This coverage is in addition to the standard workers' compensation coverage mandated by statute for employees and all owners.

This requirement means that a Deka Lash franchisee needs to secure an insurance policy that covers at least $500,000 in employer's liability. This protects the franchisee from potential lawsuits or claims by employees for work-related injuries or illnesses that are not covered by standard workers' compensation. The franchisee must ensure that their insurance policy meets this minimum threshold to comply with Deka Lash's requirements.

It is important to note that the insurance policy must be written by an insurance company with an A.M. Best rating of "A" or better. Additionally, Deka Lash and its affiliates must be named as additional insured on the policy. Franchisees must provide proof of insurance to Deka Lash, ensuring that the coverage is current and meets the franchisor's standards. This is a common practice in franchising to protect the franchisor from potential liabilities arising from the franchisee's operations.