What section of the Eos Worldwide Franchise Agreement discusses insurance requirements?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
te to the Brand Development Fund in our sole discretion. See Item 11 for more information about advertising.
Insurance Coverage: You also must obtain, before beginning any operations under the Franchise Agreement, and maintain in full force and effect at all times during the term of the Franchise Agreement, at your own expense, the insurance described in the Franchise Agreement and in our Operations Manual. Our current minimum insurance requirements for the United States as of the Issuance Date are: Commercial General Liability insurance and Professional (Errors & Omissions) Liability insurance with no limits no less than $1,000,000 for each occurrence and in the aggregate. Exhibit I to this Disclosure Document provides additional details about our required minimum levels of insurance. Under our Franchise Agreement, we may change these insurance requirements, upon reasonable notice to you, to conform to reasonable local business practices or for other relevant changes in circumstances or for other commercial reasonable business reasons we deem appropriate. Our insurance coverage requirements are only minimum requirements; franchisees should consult with their insurance
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 31–32)
What This Means (2025 FDD)
According to Eos Worldwide's 2025 Franchise Disclosure Document, Item 8, titled "Restrictions on Sources of Products and Services," details the insurance requirements for franchisees. It states that before commencing operations, franchisees must obtain and maintain insurance coverage as specified in the Franchise Agreement and the Operations Manual.
The minimum insurance requirements for the United States include Commercial General Liability insurance and Professional (Errors & Omissions) Liability insurance, each with limits of no less than $1,000,000 per occurrence and in the aggregate. Exhibit I of the Disclosure Document provides further details on these minimum insurance levels.
Eos Worldwide retains the right to modify these insurance requirements with reasonable notice to franchisees to align with local business practices, changes in circumstances, or other commercially reasonable reasons. However, the document emphasizes that these are minimum requirements, and franchisees should consult with insurance professionals to determine their specific insurance needs.