What are the minimum limits for commercial general liability insurance required for a Dermani Medspa franchise?

According to Dermani Medspa's 2025 Franchise Disclosure Document, franchisees are required to maintain commercial general liability insurance with minimum limits of $1,000,000 per occurrence and $2,000,000 annual aggregate. This insurance coverage is a standard requirement to protect both the franchisee and Dermani Medspa from potential liabilities arising from accidents or injuries on the premises.

In addition to commercial general liability insurance, Dermani Medspa franchisees must also maintain other insurance coverages, including automobile liability insurance, workers' compensation insurance, umbrella liability insurance, medical professional liability insurance, and property insurance. The franchisor, dermani MEDSPA® Franchising LLC and its parent company LazCoz LLC, must be named as an additional insured on a primary and non-contributory basis on the commercial general liability, automobile liability, professional liability, and umbrella liability insurance policies.

Dermani Medspa retains the right to increase the required coverage amounts or require different or additional insurance coverage at any time to reflect inflation, new risks, changes in law, or higher damage awards. Franchisees must provide Dermani Medspa with copies of their insurance certificates and evidence of premium payments. Failure to maintain the specified insurance coverage may result in Dermani Medspa obtaining insurance on behalf of the franchisee, with the franchisee responsible for reimbursing all premiums, costs, and expenses, plus a 10% administrative fee.