What is the required coverage amount per occurrence for Itan's General Liability Insurance?

According to Itan's 2025 Franchise Disclosure Document, franchisees are required to maintain General Liability Insurance with a minimum coverage of $1,000,000 per occurrence and $2,000,000 in the aggregate. This means that for each individual incident where Itan is liable, the insurance policy must cover up to $1,000,000. The total coverage available under the policy for all incidents combined during the policy period is $2,000,000.

Itan also requires franchisees to secure other types of insurance, including "all risk" property insurance, product liability and personal injury insurance, automobile liability insurance, business interruption insurance, employer's liability insurance, and worker's compensation insurance. The specific coverage amounts and terms for these other policies may vary, with some being determined by law or lease requirements.

It is important to note that these insurance requirements are subject to change, and Itan and its related parties must be named as additional insureds on each policy. Additionally, the policies must waive all subrogation rights against Itan and provide them with 30 days' prior written notice of any changes or cancellation. Prospective franchisees should carefully review the insurance requirements with a qualified insurance professional to ensure they can obtain the necessary coverage and understand the associated costs.