When is the Insurance Deposit and Initial Premiums for a Beem Light Sauna due?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
aining, or consulting services at your Studio.
ITEM 7 ESTIMATED INITIAL INVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure (1) | Low Estimate | High Estimate | Method of Payment | When Due | To Whom Payment Is Made |
|---|---|---|---|---|---|
| Franchise Fee (2) | $65,000 | $ |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 26–31)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, the insurance deposit and initial premiums are due prior to opening. The estimated cost for this ranges from $4,000 to $6,000. This payment is made to the insurance agent or carrier. The estimate covers the insurance premium deposit and the first three months of insurance coverage.
Prospective Beem Light Sauna franchisees should verify the actual premium quotes and deposit amounts with their insurance carrier, as these costs can vary. Factors influencing the cost of coverage include the studio's location, the franchisee's experience with the insurance carrier, the carrier's loss experience, and the chosen deductibles and coverage amounts.
It is also advisable to consult with an insurance agent or broker to explore additional insurance coverage beyond the minimum requirements set by Beem Light Sauna. Understanding these costs and securing adequate insurance is a crucial step before opening a Beem Light Sauna studio.