What minimum Commercial General Liability insurance coverage, on an occurrence basis, must Olo maintain throughout the term of the Hardees agreement?
Hardees Franchise · 2025 FDDAnswer from 2025 FDD Document
s for its settlement. The Indemnified Party may, at its own expense, join in the defense with counsel of its choice. The Indemnifying Party may not enter into a settlement unless it (i) involves only the payment of monetary damages by the Indemnifying Party, and (ii) includes a complete release of liability i
Source: Item 23 — Receipts (FDD pages 85–541)
What This Means (2025 FDD)
According to Hardees's 2025 Franchise Disclosure Document, Olo is required to maintain Commercial General Liability insurance on an occurrence basis throughout the term of their agreement with Hardees. The minimum limit for this coverage is $1,000,000 per occurrence and $2,000,000 in the aggregate for bodily injury and property damage liability.
This insurance requirement ensures that Olo has sufficient coverage to address potential liabilities arising from their services provided to Hardees. The "per occurrence" basis means that the $1,000,000 limit applies to each separate incident, while the $2,000,000 aggregate limit is the total amount the insurance company will pay out during the policy term.
For a prospective Hardees franchisee, this indicates that Hardees has taken steps to ensure that its service providers, like Olo, have adequate insurance coverage to protect against potential liabilities. This can provide some assurance that if an issue arises due to Olo's services, there are financial resources available to address it. The franchisee should confirm with Hardees that Olo is in compliance with these insurance requirements.