What is the estimated cost range for the insurance deposit for a Dryject franchise?

According to Dryject's 2025 Franchise Disclosure Document, the estimated insurance deposit ranges from $750 to $1,200. This deposit is estimated to be 25% to 50% of the first year's premium. The coverage includes general liability, auto coverage, fire, workmen's compensation, theft, property, and contents.

This initial deposit is part of the broader estimated initial investment for a Dryject franchise. Franchisees should factor this amount into their startup costs. The deposit is paid to the insurance company and is due as arranged with the insurer.

Dryject requires franchisees to obtain certain minimum insurance coverage before opening their business. This includes providing certificates of insurance evidencing compliance at least 10 days prior to opening. The required insurance includes workers' compensation, general liability insurance ($2,000,000 aggregate, $1,000,000 per occurrence), excess insurance of $1,000,000 per occurrence, business automobile liability insurance ($1,000,000 combined single limit per occurrence), an umbrella policy (not less than $1,000,000), and all-risk property insurance. These insurance requirements are summarized in the Operations Manual, and Dryject may increase these limits or add new types of coverage with notice.