What employer's liability limit for each accident, each occupational disease, and occupational disease aggregate is required for a Remax franchise?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
s, Inc., REMAX, LLC and other parties covered by the insurance; (iv) provides the same amount of coverage as you are required to obtain as set forth above; and (v) contains a provision that R
Source: Item 8 — Restrictions on Sources of Products and Services (FDD pages 47–53)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, franchisees must maintain worker's compensation insurance in amounts prescribed by law. Additionally, they must carry employer's liability insurance with a limit of $1,000,000 for each accident, each occupational disease, and the occupational disease aggregate.
This requirement ensures that Remax franchisees have sufficient coverage to protect their business and employees in the event of workplace accidents or illnesses. The $1,000,000 limit provides a financial safety net for costs associated with these incidents.
It is important to note that Remax Regional may require additional insurance coverage and amounts if the franchisee is operating a commercial franchise. Furthermore, Remax may change the minimum amount of coverage required or mandate different types of insurance to reflect factors such as inflation, new risks, changes in law, or higher damage awards. Franchisees should consult with an insurance professional to determine the best level of coverage for their specific office and situation.