How much advance written notice of termination, expiration, cancellation, or modification of an insurance policy must be provided to Best Brains?

According to Best Brains' 2025 Franchise Disclosure Document, Best Brains requires that franchisees provide them with 30 days advance written notice regarding the termination, expiration, cancellation, or modification of any insurance policy held by the franchisee.

This requirement ensures that Best Brains is informed of any changes to a franchisee's insurance coverage, allowing them to take necessary actions to protect their interests. This is a standard practice in franchising, as franchisors often require franchisees to maintain specific insurance coverage to protect the brand and the system as a whole.

Specifically, all insurance policies must name Best Brains (and its officers, directors, managers, shareholders, members and employees) as additional insureds and must contain a waiver by the insurance carrier of all subrogation rights against the company. This protects Best Brains from potential liabilities arising from the franchisee's operations. Franchisees must also furnish Best Brains with evidence of insurance, renewal, or extension of each insurance policy, along with evidence of payment of premiums, both prior to opening and annually thereafter.