When are insurance premiums due for a Kitchen Solvers franchise?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name of Fee | Amount (See Notes) | Due Date | Remarks |
|---|---|---|---|
| Insurance – 3 | Estimated at $1,000 - $3,500, | When premiums are due | See Note 8. |
| Months (Single | annual premium which will vary | ||
| Territory) | under the circumstances. |
Source: Item 6 — OTHER FEES (FDD pages 13–16)
What This Means (2025 FDD)
According to Kitchen Solvers's 2025 Franchise Disclosure Document, insurance premiums are due when the premiums are due. The FDD states that the estimated annual premium for a single territory ranges from $1,000 to $3,500, but this amount can vary based on specific circumstances.
This means that as a Kitchen Solvers franchisee, you will need to ensure that you have the required insurance coverage in place and that you pay your premiums on time to avoid any lapse in coverage. Item 8 provides further details regarding the minimum insurance coverage Kitchen Solvers requires.
It is important to factor in the cost of insurance when planning your initial investment and ongoing expenses. The variability in premium costs suggests that factors such as location, coverage levels, and the franchisee's risk profile can influence the final amount. Prospective franchisees should consult with insurance providers to obtain accurate quotes based on their specific circumstances and ensure they understand the payment terms and due dates for their insurance premiums.