Which items in the Engel & Volkers Disclosure Document relate to the franchisee's insurance obligations?

According to Engel & Volkers's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, cross-referencing various sections of the Franchise Agreement and other disclosure items. Specifically, the franchisee's insurance obligations are detailed in Franchise Agreement Section 18 and are further addressed in Items 5, 7, and 8 of the Disclosure Document. This indicates that prospective franchisees can find information regarding required insurance types, coverage levels, and related costs within these sections.

For a prospective Engel & Volkers franchisee, this means that understanding the full scope of required insurance is crucial. Item 5 likely covers initial fees related to setting up insurance, while Items 7 and 8 probably detail ongoing costs and specific requirements for insurance coverage during the operation of the franchise. Franchise Agreement Section 18 will contain the legal stipulations regarding insurance.

It is important for potential franchisees to carefully review these sections to understand the types and amounts of insurance they must carry, as well as the implications of not maintaining adequate coverage. This includes understanding liability insurance, property insurance, and any other specific insurance requirements Engel & Volkers may mandate. Understanding these obligations is essential for budgeting and risk management as a franchisee.