What is the estimated duration of insurance coverage included in the initial investment estimate for an Aira Fitness business?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
- (8) This estimate isfor paymentof 3 months ofinsurancecoverage.
See Item 8 for more information about ourinsurance requirements.
If youneedadditionalinsurancefor yourAira FitnessBusiness, youmay have additional costs.
Workers' compensation coverage may vary depending on the number of employees and your state requirements.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT YOUR ESTIMATED INITIAL INVESTMENT FITNESS CENTER LOCATION (FDD pages 24–31)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the estimated initial investment includes coverage for the first three months of insurance. The FDD indicates that the estimate for insurance costs ranges from $1,000 to $2,000, and this amount is intended to cover the franchisee's insurance premiums for that initial three-month period.
Prospective Aira Fitness franchisees should note that this is just an initial estimate. The actual cost of insurance may vary depending on factors such as the location of the fitness center, the specific insurance policies obtained, and any additional coverage required beyond the basic requirements. It is important for franchisees to carefully review the insurance requirements outlined in Item 8 of the FDD and to obtain adequate coverage to protect their business.
It is also important to consider that workers' compensation coverage may vary depending on the number of employees and state requirements. Franchisees should consult with an insurance professional to determine the appropriate level of coverage for their specific circumstances and to ensure compliance with all applicable laws and regulations.