What do the insurance costs for a Ledgers franchise cover?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
MENT**
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Low | High | Method of payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|---|
| Initial Franchise Fee (Note 1) | $15,000 | $35,000 | Check or EFT | At signing of |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 20–23)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the estimated initial investment includes insurance costs ranging from $400 to $500. This covers the required insurance coverage needed to begin operations. The payment is made via check or EFT to the insurance company and is due before opening the Ledgers franchise.
Prospective franchisees should note that the FDD does not specify the types or amounts of insurance coverage required. It is common practice for franchises to require general liability, worker's compensation (if you have employees), and possibly professional liability or errors and omissions insurance, depending on the nature of the services provided.
Therefore, it is important for potential Ledgers franchisees to clarify with the franchisor exactly what types and levels of insurance are mandated, as these requirements can significantly impact the overall cost of insurance. Understanding these requirements is crucial for budgeting and ensuring the business is adequately protected from potential liabilities.