ZeeCover™ is beyond a quote, it's a package deal from Rikor. FFD compliant policies, competitive pricing, expert policy support, year-round monitoring, accurate underwriting, franchise insurance consultants, industry-best service level agreements. Our commitment to provide top-tier customer experience is unmatched.
"Franchise insurance done-for-you" is our moto.
ZEE COVER™
DOCUMENT PREPARED FOR
Dean Hartley
Five Star Bath, Inc.
6008 E 14 Mile Rd,
Warren, Michigan, 48092
FRANCHISE RISK PROFILE
FIVE STAR BATH, LLC
761 W. 1200 N.
Springville, UT 84663
Created on: 12/7/2022
Proposal Expiration Date: 01/05/2023
FIVE STAR BATH INSURANCE REQUIREMENTS
Rikor Insurance Consultancy has partnered with Five Star Bath to protect the brand and each franchisees’ investment from unintentional exposure. The following are insurance coverages that are either required within the FDD or suggested to provide adequate protection.
COMPLIANCE AUDIT
COMPLIANT
Dean Hartley
Five Star Bath, Inc.
6008 E 14 Mile Rd,
Warren, Michigan, 48092
√
INSURANCE POLICY SCHEDULE
REQUIRED COVERAGE
√
Commercial General & Products Liability
√
Commercial Property Insurance (including business interruption)
√
Commercial Auto Liability
√
Workers Compensation & Employers Liability
√
Umbrella
√
Employment Practices Liability Insurance
OPTIONAL COVERAGE
√
Garage
√
Pollution
√
Cyber Liability
√
Crime
√
Directors & Officers
ADDITIONAL INSUREDS
√
FIVE STAR BATH, LLC
761 W. 1200 N.
Springville, UT 84663
LOCATION SCHEDULE
√
6008 E 14 Mile Rd,
Warren, MI,
48092-1277
COMMERCIAL GENERAL LIABILITY
LOCATION SCHEDULE
Liberty Mutual
AM BEST RATING
A Stable
TYPE
Admitted
POLICY PERIOD
12/10/2022 - 12/10/2023
COVERAGE
LIMIT
COMPLIANT
Liability Occurrence
$1,000,000 √
Liability Aggregate
$2,000,000 √
Products/Completed Operations Aggregate Limit
$2,000,000 √
Damage to Premises Rented to You Limit
$1,000,000 √
Medical Expense
$1,000,000 √
EPLI
$1,000,000 √
Waiver of Subrogation - Blanket
$1,000,000 √
Additional Insured - Blanket
$1,000,000 √
EXPOSURE BASIS
EXPOSURE BASIS
Gross Annual Revenue
$225,000
WORKERS COMPENSATION
INSURANCE CARRIER
AMTrust
AM BEST RATING
A Stable
TYPE
Admitted
POLICY PERIOD
12/10/2022 - 12/10/2023
COVERAGE
LIMIT
COMPLIANT
Bodily Injury by accident, per person
$1,000,000 √
Bodily Injury by disease, policy limit
$1,000,000 √
Bodily Injury by disease, per person
$1,000,000 √
CLASS CODE
9083 - Restaurant - Fast Foode
EXPERIENCE MODIFICATION
100%
OFFICER-OWNER
Chad Day
EXPOSURE BASIS
$225,000
RATE
$0.59
WAIVER OF SUBROGATION
Yes
OWNERSHIP %
100%
AMOUNT
$33,750.00
ADDITIONAL INSURED
Yes
INCLUDED or EXCLUDED
Excluded
COMMERCIAL PROPERTY FLOATER COVERAGE
INSURANCE CARRIER
CNA
AM BEST RATING
A Stable
TYPE
Admitted
POLICY PERIOD
12/10/2022 - 12/10/2023
COVERAGE
LIMIT
COMPLIANT
General Policy:
:
Per Unit
$150,000 √
Policy level Deductible
$2,500 √
Waiting Period
72 Hours √
Property Policy:
Trailer - Per Unit
$85,000 √
Deductible
$2,500 √
Mounted equipment
$30,000 √
Business Income - Per Unit
$35,000 √
ANNUAL PREMIUM SUMMARY
POLICY PERIOD
12/10/2022 - 12/10/2023
COVERAGE
LIMIT
Commercial General (Food Liability)
$1,212.00 (Paid in Full)
Commercial Property Floater
$1,559.00 (Paid in Full)
Commercial Worker’s Compensation
$769.00 (Monthly Installments) ($65.00 Down Payment & $64.00 * 11 Months)
Employment Practices Liability
$1,418.00 (Paid in Full)
THE RIKOR SHIELD™ is our commitment to servicing your policy throughout the year with performance excellence. Rikor remains dedicated to delivering unmatch policy support to our franchisees. The shield represents our commitment to providing 7-day Quote turnarounds, 1 day turnarounds for Certificate Requests, and 1-day change requests for Endorsements. In addition to this unmatched level of service, we also provide 3 Policy Reviews throughout the year to avoid gaps in coverage due to changes in your business. This commitment to franchisees is driven by the need to make the insurance process so easy that you can focus on your business. Protect your business, protect your investment.
SERVICE LEVEL AGREEMENT
COMMITMENT TO PERFORMANCE EXCELLENCE
7
Day Quote Turn Around
1
Day Cert
Turn Around
1
Day Change Request
Disclaimer: Turnarounds are indicative, yet not promised. While our large majority may experience typical performance, there are scenarios that negatively impact a franchisee. Professional courtesy and understanding is expected, communication protocol and managing client expectations is standard practice. Change requests that require a form from the carrier may take up to 30 days.