Does Pearce Bespoke designate the amount of comprehensive general liability insurance periodically?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
s products at whatever prices Franchisee determines.
You must purchase and maintain, at your expense, comprehensive general liability insurance in an amount Pearce Bespoke will designate periodically, but at least $1,000,000 per occurrence and $2,000,000 in the aggregate. Thisinsurance must insure Pearce Bespoke, you and any other person Pearce Bespoke designates from liability for all damage or injury. You must also purchase business interruption insurance, business personal property insurance, money, and securities insurance, and building insurance (if applicable). In addition, you must maint
Source: Item 8 — RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 19–20)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, franchisees are required to purchase and maintain comprehensive general liability insurance. Pearce Bespoke designates the amount of this insurance periodically.
The minimum coverage required is $1,000,000 per occurrence and $2,000,000 in the aggregate. This insurance policy must protect Pearce Bespoke, the franchisee, and any other individuals Pearce Bespoke designates from liability related to damage or injury.
In addition to comprehensive general liability insurance, franchisees must also secure business interruption insurance, business personal property insurance, money and securities insurance, and building insurance (if applicable). Franchisees are also responsible for maintaining any other insurance policies mandated by law. This ensures that Pearce Bespoke franchisees have sufficient coverage to protect their business and the Pearce Bespoke brand.