Is business interruption insurance required for Pearce Bespoke franchisees?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees are required to purchase and maintain several types of insurance. These include comprehensive general liability insurance with a minimum of $1,000,000 per occurrence and $2,000,000 in the aggregate, which must cover Pearce Bespoke, the franchisee, and any other designated person.

In addition to general liability coverage, Pearce Bespoke franchisees must also obtain business interruption insurance, business personal property insurance, money and securities insurance, and building insurance (if applicable). Furthermore, franchisees are obligated to maintain any other insurance required by law.

This requirement ensures that Pearce Bespoke franchisees are protected against various risks, such as property damage, loss of income due to unforeseen circumstances, and liability claims. The specific amounts and terms of these insurance policies are subject to Pearce Bespoke's periodic designation, providing the franchisor with the flexibility to adjust coverage requirements as needed. Prospective franchisees should carefully review the insurance requirements and associated costs to ensure they can meet these obligations.