What is the deductible amount required for the insurance policies that an Aira Fitness franchisee must maintain?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
ements below.
| Type of Insurance | Minimum Amount |
|---|---|
| Commercial General Liability including Product | $1,000,000 per occurrence; |
| Liability and Personal and Advertising Injury | $2,000,000 in the aggregate |
| Fire Legal Liability: Damages to premises | $500,000 |
| Medical Expenses | $1,000 per accident |
| Professional liability including abuse and molestation (for owners and employees) | $1,000,000 per occurrence |
| Hired and Non-Owned Auto Liability | $1,000,000 per claim |
| Property – Special Form, including mechanical breakdown | $300,000 |
| Improvements and Betterments | Included |
| Business Income (12 months) | Actual loss sustained |
| Crime (employee dishonesty, theft and robbery) | $10,000 per occurrence |
| Cyber Liability (internet security and privacy insurance) | $25,000 per occurrence |
| Employment Practices Liability Insurance | $100,000 |
| Deductible | $1,000 |
| Defense Costs | In addition to policy limits |
| Commercial Umbrella Liability | $10,000,000 per occurrence and $10,000,000 in t |
Source: Item 8 — **RESTRICTIONS ON SOURCES OF PRODUCTS AND SERVICES (FDD pages 31–33)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, franchisees are required to maintain various insurance policies with specific minimum coverage amounts. The deductible for these insurance policies is $1,000. These policies include commercial general liability, fire legal liability, medical expenses, professional liability, hired and non-owned auto liability, property insurance, business income coverage, crime insurance, cyber liability, and employment practices liability insurance.
The insurance requirements are designed to protect both the franchisee and Aira Fitness from potential financial losses due to accidents, injuries, property damage, and other liabilities. The franchisee must secure these policies from an approved supplier.
It is important for prospective Aira Fitness franchisees to factor in the cost of these insurance policies when evaluating the overall investment required to start and operate the franchise. Franchisees should consult with insurance professionals to understand the specific coverage and deductible options available to them and ensure they meet Aira Fitness's requirements.