What is the minimum amount of comprehensive general liability insurance a Pearce Bespoke franchisee must maintain?
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 secure and maintain comprehensive general liability insurance. 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 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). Franchisees are also responsible for maintaining any other insurance coverage mandated by law.
It is important to note that while the FDD specifies the minimum amount for comprehensive general liability insurance, Pearce Bespoke retains the right to periodically designate a different amount. Therefore, prospective franchisees should confirm the current required insurance levels with Pearce Bespoke before finalizing their insurance policies. Failing to maintain adequate insurance coverage could result in a breach of the franchise agreement.