What period does the Itan insurance estimate cover?

According to Itan's 2025 Franchise Disclosure Document, the estimated initial investment for insurance covers a 3-month period. The FDD specifies that this estimate includes the insurance premium for the first three months of operation. The estimated cost for this insurance coverage ranges from $500 to $1,000.

This means a prospective Itan franchisee should budget for approximately $500 to $1,000 to cover their insurance needs for the first quarter of operation. It is important to note that this is just an initial estimate, and the actual cost of insurance may vary depending on factors such as the location of the salon, the specific insurance policies required, and the franchisee's risk profile.

Item 8 of the Itan FDD includes a description of the insurance policies that franchisees must purchase and maintain. This information will be helpful for franchisees in understanding their insurance requirements and obtaining accurate quotes from insurance providers. It is advisable for prospective franchisees to consult with an insurance professional to determine the appropriate level of coverage for their specific circumstances and to obtain the most competitive rates.