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Check Spelling in Franchise Agreement Template

Check Spelling in Franchise Agreement Template

Aug 6th, 2022

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How to Check Spelling in Franchise Agreement Template

4.8 out of 5

30 votes

Tim Feddersen from Gas Bar Insurance Services discusses the importance of understanding insurance requirements in franchise agreements. He emphasizes protecting investments in the franchise business. The starting point is general liability insurance, which typically covers liabilities arising from incidents on the premises or related to products, with standard policies offering $1 million per claim and $2 million aggregate per year. For some clients, higher coverage of $2 million per claim and $4 million aggregate is recommended for better protection against serious injuries. Feddersen notes that auto coverage is also essential for every business.

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