What is the required employer's liability limit for workers compensation insurance for a Remax franchise regarding each accident?
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 are required to maintain workers compensation insurance in amounts prescribed by law. The employer's liability insurance must have a limit of $1,000,000 for each accident, each occupational disease, and occupational disease aggregate.
This requirement ensures that Remax franchisees have adequate coverage to protect their employees in the event of work-related injuries or illnesses. Maintaining this level of coverage helps franchisees comply with legal requirements and mitigate potential financial risks associated with workplace accidents and occupational diseases.
It is important for prospective Remax franchisees to factor in the cost of this insurance coverage when evaluating the overall investment and operating expenses of the franchise. Franchisees should consult with insurance professionals to obtain the necessary coverage and ensure they meet all of Remax's insurance requirements.