What is the estimated high cost for insurance for a Pearce Bespoke franchise?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
will increase as your client base and staff grow.
-
- Insurance. You must purchase and maintain insurance in the types and amounts described in the Franchise Agreement or Manual. This estimate covers three months' premiums for workers' compensation and commercial liability insurance. Your cost of insurance may vary depending on the insurer, the location
of your Franchise, your claims history, and other factors. You must provide certificates of insurance evidencing coverage to us on an ongoing basis.
-
- Licenses or Permits. This amount contemplates the costs of obtaining a business license or permit to begin operations. This estimate is based on our experiences with business licenses and may vary depending on state and local requirements.
-
- Professional Fees.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 15–19)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the estimated initial investment for insurance ranges from $1,000 to $2,000. This estimate covers the premiums for the first three months of workers' compensation and commercial liability insurance.
The actual cost of insurance for a Pearce Bespoke franchise can vary. Factors influencing the cost include the specific insurance provider, the location of the franchise, the franchisee's claims history, and other variables.
Pearce Bespoke requires franchisees to maintain specific types and amounts of insurance as detailed in the Franchise Agreement or Manual. Franchisees must provide ongoing proof of insurance coverage to Pearce Bespoke.