What is the aggregate limit required for General Liability insurance for Mr. Sandless franchisees?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
overages. Our current minimum insurance requirements include:
- o General Liability including Personal and Advertising Liability is required with limits of $500,000 per occurrence and $1,000,000 aggregate limit, with a per project aggregate. The policy should include contractual liability covering claims from both direct and vicarious liability.
- o Per Project Aggregate. This will provide you wit
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, franchisees are required to maintain General Liability insurance with specific coverage limits. The policy must include Personal and Advertising Liability. The aggregate limit for this insurance must be $1,000,000.
In addition to the aggregate limit, the General Liability insurance must have a $500,000 per occurrence limit. Mr. Sandless also requires a "per project aggregate," which provides a separate aggregate limit of liability for each active project. The policy should also include contractual liability covering claims from both direct and vicarious liability.
A prospective Mr. Sandless franchisee should factor in the cost of these insurance requirements when evaluating the overall investment. Failing to maintain the required insurance coverage could result in a breach of the franchise agreement.