What minimum insurance coverage for Commercial General Liability 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' 2025 Franchise Disclosure Document, Olo is required to maintain Commercial General Liability insurance throughout the term of their agreement with Hardees. The minimum coverage must be at least $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 financial resources to cover potential liabilities arising from their services to Hardees. The coverage extends to bodily injury and property damage, providing a safety net for both Olo and Hardees in case of accidents or incidents related to Olo's operations. The aggregate limit further protects against multiple claims within the same policy period.
In addition to Commercial General Liability insurance, Olo must also maintain Workers' Compensation, Umbrella Liability, and Professional/Cyber/Media Tech Liability insurance. These additional coverages address various other potential risks, such as employee injuries, excess liability claims, and professional errors or cyber incidents. Maintaining adequate insurance coverage is a standard practice in franchising to protect both the franchisor and its franchisees from financial losses due to unforeseen events.