What ISO form must the All Risk Commercial Property Insurance for Noodles & Company cover?

According to Noodles & Company's 2025 Franchise Disclosure Document, franchisees must secure All Risk Commercial Property Insurance that, at a minimum, covers the perils insured under the ISO special causes of loss form (CP 10 30). This insurance must cover the building (where applicable), fixtures, equipment, tenant improvements and betterments, fire, extended coverage, vandalism, and malicious mischief. The property must be insured on a replacement-cost basis.

This requirement ensures that the Noodles & Company location is adequately protected against a wide range of potential risks, safeguarding the franchisee's investment in the physical assets of the business. The coverage on a replacement-cost basis means that in the event of a covered loss, the franchisee will be compensated for the cost of replacing damaged or destroyed property with new items, rather than the depreciated value of the old items.

The deductible for this insurance cannot exceed $10,000, meaning the franchisee will be responsible for the first $10,000 of any covered loss. This deductible amount is a factor to consider when evaluating insurance options and managing potential out-of-pocket expenses. Franchisees must also ensure that the insurance company has a rating of A- or better as set forth in the AM Best Key Rating Guide.