Where can I find the specific amounts for the umbrella policy coverage required for Dryject franchisees?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
yment compensation, disability, Social Security, and other such federal, state and/or local taxes imposed upon You as an employer;
- (v) You shall maintain or cause to be maintained an umbrella policy as extended coverage to the commercial general liability, auto liability and employers liability insurance in an amount set forth in the Operations Manual, currently not less than One Million Dollars ($1,000,000.00); and,
- (vi) Such other insurance that may be required by the statutes or other laws of the state or province or any local governmental entity in which Your Franchised Business is located and operated.
- (c) All insurance policies required under this Agreement shall be written by an insurance company satisfactory to Us. All policies of liability insurance shall insure and name Us as an additional insured/loss payee and shall protect Us against any liability that may accrue by reason of the ownership, maintenance or operation by You of the Franchised Business.
- (d) We reserve the right to increase the minimum limits listed above as well as to change or add new types of required coverage as set forth in greater detail in the Operations Manual.
- (e) Your obligation to obtain and maintain or cause to be maintained the foregoing policy or policies of insurance shall not be limited in any way by reason of any insurance that may be maintained by Us, nor shall Your performance of this obligation relieve You of liability under the indemnity provision set forth in this Agreement. You shall deli
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the specific amount for the umbrella policy coverage required for franchisees is detailed in Item 8. Franchisees must maintain an umbrella policy as extended coverage to the commercial general liability, auto liability, and employers' liability insurance. The minimum amount for this umbrella policy is currently $1,000,000.00.
This umbrella policy serves as additional protection beyond the standard liability coverages, safeguarding both the franchisee and Dryject against significant financial losses from potential lawsuits or claims. It is important to note that the coverage must be written on an occurrence basis, meaning it covers incidents that occur during the policy term, regardless of when the claim is made.
Dryject also reserves the right to increase the minimum limits or change the types of required coverage, with details provided in the Operations Manual. Franchisees are obligated to provide certificates of insurance to Dryject at least ten days before opening their franchise to demonstrate compliance with these insurance requirements. Therefore, prospective franchisees should review the Operations Manual carefully and stay informed of any updates to insurance requirements to ensure they maintain adequate coverage and remain compliant with Dryject's standards.