What deductible amount is permitted for the 'all risks' insurance coverage on property, equipment, furniture, fixtures, and supplies used in a Face Foundrie Facial Bar?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
the insurance carriers' charges, the terms of payment, and your insurance history.
Presently, we require you to maintain the following minimum insurance coverages: (i) comprehensive general liability insurance with limits of at least $1,000,000 per occurrence, and $2,000,000 in the general aggregate; (ii) abuse and molestation coverage with limits of at least $1,000,000 per occurrence; (iii) all risks coverage for full repair and replacement value of all of the property, equipment, furniture, fixtures and supplies used in your Facial Bar with no more than a $1,000 deductible; and (iv) worker's compensation and professional liability insurance with limits of at least $1,000,000, as well as any other insurance required by law. We also recommend that you obtain cyber liability insurance with
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 27–31)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, franchisees are required to maintain 'all risks' insurance coverage for their Facial Bar's property, equipment, furniture, fixtures, and supplies. This insurance must cover the full repair and replacement value of these items. The maximum deductible permitted under this policy is $1,000.
This requirement means that if a franchisee's property is damaged or destroyed due to a covered risk, the insurance policy will pay for the repair or replacement, but the franchisee will be responsible for paying the first $1,000 of the claim. This deductible amount is a common feature in insurance policies, as it helps to reduce the cost of premiums and encourages policyholders to take precautions to prevent losses.
Prospective Face Foundrie franchisees should factor this insurance requirement and deductible into their initial and ongoing operating costs. They should also shop around for the best insurance rates and coverage options to ensure they are adequately protected against potential losses while remaining compliant with Face Foundrie's insurance requirements.