Is Southern Steer responsible if the required minimum insurance is inadequate to protect me and Southern Steer?

According to Southern Steer's 2025 Franchise Disclosure Document, Southern Steer makes no guarantees regarding the adequacy of the minimum insurance requirements to protect the franchisee and Southern Steer. The FDD states that Southern Steer "makes no representations or warranties that the required minimum insurance is adequate to protect Franchisee and Franchisor." This means that it is the franchisee's responsibility to ensure that the insurance coverage is sufficient for their needs.

As a prospective franchisee, it is crucial to carefully review the required minimum insurance coverage and assess whether it adequately protects your Southern Steer business against potential risks. You should consider factors such as the location of your franchise, the nature of your operations, and any specific risks associated with your business.

It would be prudent to consult with an insurance professional to determine the appropriate level of coverage for your Southern Steer franchise. You may need to purchase additional coverage beyond the minimum requirements to adequately protect your business. This is a common practice in franchising, as franchisors typically set minimums, but franchisees often need more comprehensive protection based on their individual circumstances.