For a Goldfish Swim School, what is the requirement for the general contractor's insurance?
Goldfish_Swim_School Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.4.6 employ a qualified, licensed, and insured general contractor approved by Franchisor to complete construction of all required improvements to the Approved Location and require that the general contractor and all other construction vendors comply with the approved plans and specifications, and conduct all construction activities in a first in class manner and follow first class working guidelines related to site conditions during construction;
Source: Item 23 — RECEIPTS (FDD pages 77–389)
What This Means (2025 FDD)
According to the 2025 Goldfish Swim School Franchise Disclosure Document, franchisees must employ a general contractor to complete construction of all required improvements to the approved location. This general contractor must be qualified, licensed, and insured, and approved by Goldfish Swim School. The franchisee must ensure the general contractor and all other construction vendors comply with the approved plans and specifications, conduct all construction activities in a first-class manner, and follow first-class working guidelines related to site conditions during construction.
While the FDD specifies that the general contractor must be insured, it does not state the specific types or amounts of insurance coverage the general contractor is required to carry.
Prospective franchisees should ask Goldfish Swim School for clarification on the specific insurance requirements for the general contractor, including the types of coverage (e.g., general liability, workers' compensation, errors and omissions) and the minimum coverage amounts required to ensure adequate protection during the construction phase. Understanding these requirements is crucial for budgeting and ensuring compliance during the build-out of the Goldfish Swim School location.